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Arturo Carrasco Profile picture
Arturo Carrasco
@arcarsan
Father, son, brother, uncle, citizen of the world, Earth resident. The more you read, the less you know. Be humble and kind 🐶
Jun 5, 2021 • 11 tweets • 4 min read
Where are we in the #drybulk cycle?

Note: Baltic Dry Index reflects freight rates evolution in aggregate (routes and vessel types) for the Dry Bulk shipping sector. It’s expressed in points. A long-time perspective allows us to see the different cycles and how cyclical it is. In Feb 2016, BDI reached its lowest point ever, 291 points (huge imbalance between available vessels and cargo demand). Since that moment there has been a sustained recovery, temporarily interrupted by:

❌ 2019: iron ore supply shock (Brumadinho dam collapse).
❌ 2020: covid-19.