The Baltic Dry Index (BDI) has today fallen below 400 points for the first time in its history, and today’s reported fixtures show charterers are paying as low as $2,000 per day for capesize vessels on the Western Australia to China route.
The BDI fell 8 points today to 394, completing seven consecutive trading days of record-breaking lows.
The capesize market is now officially even worse than it was during January 2015. The Baltic Cape Index (BCI) set a record low of 266 points on Tuesday, which it surpassed today by falling a further 21 points to 245.
Alpha Bulkers’ capesize Maria A Angelicoussi (169,150 dwt, built 2001) was reportedly booked by DHL for just $2,000 daily for a trip from Xingang, China via Newcastle in Australia, redelivering in China.
Topsail took the cape Alpha Liberty (179,276 dwt, built 2011) for $2,500 daily on a spot trip from Fangcheng in China via Australia, redelivering in China. The vessel is also owned by Alpha Bulkers, which is led by Anna Angelicoussis Kanellakis.