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(BIMCO) — By Peter Sand, Chief Shipping Analyst Global economy: menacing clouds in the sky cast a shadow on global economic developments 2015 never really took off, even though the global economic activity looked stronger earlier in the year. The negative indicators seen at the end of 2014 were not overcome, and we saw a significantly […]

Source: BIMCO: The Shipping Market in 2015 and Looking Forward – gCaptain

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Today, Tuesday, January 12 2016, the Baltic Dry Index decreased by 13 points, reaching 402 points.Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Tuesday, January 12 2016, when the index dropped to 402 points.Source: Hellenic Shipping News Worldwide

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Shipping confidence unsurprisingly down. Less sectorial investments, what makes cycles never change … #drybulk https://t.co/img3Df2tcX

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#handysize pacific routes gained a little over the last 10 days and now outperform atlantic 4300 to 4050… still very painful #drybulk market

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Here we are – #drybulk at all time lows https://t.co/Dp9AenNTFv

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handysize #drybulk reached unbearable numbers for owners. a boom in lay-up and scrapping is expected shortly. https://t.co/1p9Sx91Kqq

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#drybulk handysize close to 4500 and still heading south. Laying up tonnage becomes a realistic alternative for those that cannot scrap.

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#Drybulk shipowners probably agree. https://t.co/jtHeT4SMim

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….Whilst ECSA market is quickly dropping, what average can one expect? Would guess 5000 at best #drybulk handysize https://t.co/YOrNxpxtXH

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