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  • 06.05.09
    Dry Bulk
    Baltic Indices
    BDI 2065 up 168
    BCI 2868 up 340
    BPI 1895 up 193
    BSI 1448 up 18
    BHSI 715 up 12
    “Early reports indicate April iron ore imports into China totaled 53 million tons, another
    record and reflective of the higher levels of Capesize activity we have seen throughout the year. This
    morning has been quite active, and rates have been firming throughout the week, driven largely by gains
    in steel prices. Three Capes have been booked into China this morning at strong rates, two from BHP
    and one from Vale. The Panamax market continues to firm as well, supported by stronger activity in the
    Pacific as China increases thermal coal imports from Australia.”

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