First time since its inception in 1985, BDI is witnessing a fall even as others rise.The numbers donâ€™t seem to add up. The world is in recovery mode and yet the Baltic Dry Index has dropped 64.39 per cent since last May.
The worldâ€™s largest ore carrier, Vale Brasil, was loaded for the first time (Tuesday, May 24) at Pier I at Ponta da Madeira Port Terminal (TPPM) in SĂŁo LuĂs, MaranhĂŁo. The ship, which was loaded with 391,000 tons of iron ore, will now sail for Asia.
Mitsui O.S.K. Lines, Ltd. yesterday announced the first use of a new silicon-based anti-fouling paint for a 38,000-class bulker now under construction at the Minaminippon Shipbuilding Co., Ltd. Shitanoe Works (Usuki-shi, Oita Prefecture).
The expansion of the dry bulk fleet in January was at an annual rate above 100 Mdwt for the year. There remains a scheduled 127 Mdwt still to be delivered but of course
slippage and scrappings will intervene to reduce the net total.