Dry Bulk Weekly – May 9, 2010
Baltic dry index rose 7.6% last week, again on the back of 10.5% Capesize Index gain. Panamax, Supramax and Handysize Index also recorded gains, but underperformed the broader index.
Strong iron ore demand from China is fueling the gains. If financial turmoil continues, the gains will be hard to hold on.
Chart 1. Baltic Dry Indexes Relative Performance
Chart 2. Baltic Dry Index
Chart 3. Baltic Dry Index Components