Baltic Dry Index rises for first time in 2016

The Baltic Dry Index (BDI) has risen for the first time in 2016 thanks to a small increase in the panamax sub-sector.

According to the Baltic Exchange, the main index read 291 today, gaining one point since Thursday.

The BDI has set multiple new negative records in 2016, with rates for bulk carriers sinking.

As TradeWinds reports today, the flow of Greek owners who have idled their vessels is slowly growing.

According