Dry Bulk Shipping: Lots of newbuildings to come but still not undermining a positive market

摘要

The first four months of 2010 saw ups and down for the BDI with the index hovering around 3,000, but May brought along stronger rates particularly to Capesize, that lifted the BDI to 4,209 on 26 May, which is almost the level at the time of writing. With Panamax, Supramax and Handysize rates being firm on an upward trend, the dry bulk market carry on to deliver on the back of strong demand and despite a continuously large inflow of new tonnage.