Splash Extra

Sergio Leone meets shipping

Splash Extra’s analyst dons his poncho and goes all Clint Eastwood this month, starting with dry bulk

The good

With a few days delay, the launch of the Crew Dragon on November 15 lifted the Baltic Dry Index (BDI) on November 17. And on November 19 capesize freight rates were lifted too, not all the way up into space, but merely establishing orbit just south of the year-to-date average of $13,000 per day.

Following Splash Extra’s latest dressing-down of the Brazilian miner Vale last month for not performing well on its iron ore operations, an update is due. During the first 10 months, tota...

To continue reading, please login below or subscribe here.


Back to top button