Insights and Stories on Ocean Freight

Mar. 28, 2017 at 5:49 pm CDT

CNS Canada — Ocean freight rates are trending higher, with the Baltic Dry Index (BDI) hitting its highest level of the past two years on Tuesday. The BDI, compiled daily by the London-based Baltic Exchange, provides an assessment of the price of moving major raw materials by sea, including grain. […]

By Phil Franz-Warkentin

Feb. 10, 2017 at 3:24 pm CST

CNS Canada — Ocean freight rates are trending down, but are still well off the record lows seen exactly a year ago. The Baltic Dry Index (BDI), compiled daily by the London-based Baltic Exchange, provides an assessment of the price of moving major raw materials by sea, including grain. The […]

By Phil Franz-Warkentin

Nov. 18, 2016 at 6:55 pm CST

CNS Canada — The Baltic Dry Index has posted sharp gains over the past month, rising to its highest levels in nearly two years. The BDI settled at 1,257 points on Friday, having gained roughly 400 points over the past two weeks. The index was last this high in November […]

By Phil Franz-Warkentin

Jul. 6, 2016 at 1:59 pm CDT

CNS Canada — The Baltic Dry Index is edging back to levels not seen in over two months, and could be due for more strength, as seasonal trends often see the index rise during the summer and fall. The BDI settled at 694 points on Wednesday, having gained over 100 […]

By Phil Franz-Warkentin

Mar. 29, 2016 at 5:48 pm CDT

CNS Canada — Ocean freight rates have shown some steady strength over the past two months, with the Baltic Dry Index (BDI) back above 400 points. The BDI set a record low of 290 points on Feb. 10-11, but has since posted steady gains, settling at 409 on Tuesday. While […]

By Phil Franz-Warkentin