June 2023

Back to Baltic Dry Index

22-June-2023

Over the past week, the Baltic Dry Index (BDI), serving as an indicator for the dry bulk spot market, experienced a substantial 15.2% increase, reaching its highest level in a month at 1,240 points on Friday. Among the different sectors, the capesize bulk carrier segment played a pivotal role in boosting the Baltic Dry Index (BDI). Capesize bulk carriers were engaged in transporting coal to China, facilitating the country’s electricity plants in meeting the escalated demand for air conditioning.