The Baltic Dry Index (BDI) was trading at around ~2,069 points on March 2^nd, 2022 versus ~1,644 points on January 19^th, 2022, ~2,300 points on December 22^nd, 2021 and vis-à-vis ~3,350 points during November 2021. That level compared to the 4,050-4,060 pts of October 27^th, 2021 and to a previous trading level of around 5,380 pts on October 13, 2021. The above also compared to the trading level of 4,962 pts at the end of September 2021.   

Concerning the period before that, the Baltic Dry Index traded at around 3,650 points in the middle of August 2021 versus 3,281 points on August 4^th, 3,058 points on July 21^st, 3,179 pts on July 5^th, 2021, and 2,420 pts during May 2021.

Looking at the most recent trend now, the Dry Bulk Index has been recovering notably over the past 4 weeks or so -from a trading level of around 1,420 points at the beginning of February- and it has now climbed above the 2,000 points threshold.

The invasion of Ukraine by Russia has now brought an upheaval in the commodity and energy markets and the logic says that more volatility should be expected down the road. So along with the imminent interest rate hikes planned by the US Fed for the current year, some pressure on the bottom line performance of the dry bulk shipping companies should be also anticipated.

However our base case scenario continues to uphold as we view that in the current year, 2022, the Baltic Dry Index will yield a trading level that will be on average above the ones of 2020 and 2019 but not as high as the one of 2021.

BALTIC DRY INDEX as of March 2^nd, 2022 (latest price and intraday change):    

BALTIC DRY INDEX as of February 16^th, 2022 (latest price and intraday change):    

BALTIC DRY INDEX as of February 2^nd, 2022 (latest price and intraday change):     

BALTIC DRY INDEX as of January 19^th, 2022 (latest price and intraday change):   

FIGURE 1: Baltic Dry Index (BDI) | November 2021 – March 2, 2022    

[Bloomberg ticker: BDIY:IND, BDI Baltic Exchange Dry Index]

FIGURE 2: Baltic Dry Index (BDI) | 2013 – March 2, 2022    

[Bloomberg ticker: BDIY:IND, BDI Baltic Exchange Dry Index]

FIGURE 3: Baltic Dry Index (BDI) | Last 36 Years up to beginning of March 2022    

[Bloomberg ticker: BDIY:IND, BDI Baltic Exchange Dry Index]