Baltic dry index forecast 2017

Trading Economics global macro models and analysts expectations. Looking forwar we estimate it to trade at 779. Wednesday January from 2in the previous trading session.

Baltic Dry increased or 2. Though, it was not enough to keep the dry bulk market which dropped by about 6. Therefore, some positive facts.

We expect the global dry bulk shipping sector capacity to grow 4. In summary, we believe that the worst is finally over for the global dry . Norden and Golden Ocean, which currently boast positive recommendations from Danske Bank as well as Clarksons Platou. Shares of shipping companies jumped Tuesday after Morgan Stanley analyst Fotis Giannakoulis upped his outlook for several stocks and hiked price targets on . They know that however gloomy the forecasts , some time they will make a nice profit. Peter Sand will be joined by Burak Cetinok, Head of Research at Arrow Shipbroking Group and Angad . How the economic situation will eventually turn . If so the forecast would suggest that a storm at sea will shortly make landfall.

For operators of multipurpose vessels, this forecast of closer supply-demand balance represents a rare flash of good news in a long-depressed market. It is useful in determining the cost to move materials by sea. Recently, it has again set new historic lows amid an increasingly unfavorable outlook. The 2-year chart above . Volume and Forecast of Dry Bulk Seaborne Trade. Before analysing the Crude Oil Chart, I would like to share another chart with you.

BADI, which measures the price of . And despite a recovery in the past few months, the index is still about percent below the peak of (figure 2). Respective indices for tankers used for shipping . In the near term seaborne trade of grains and soft commodities is . When the demand for the commodities moved by the dry bulk carriers is rising, the BDI will rise too. Due to this fact, this indicator provides a clear view into the global demand for commodities and raw materials, which can be a good forecast in which direction, the global economy will go. Administrative support and formatting were provided by Wendy Juan.

Outlook and policy considerations. This was driven by and .