Good days ahead for the global dry bulk market

With global dry bulk trade in uptick mode, good days lie ahead for BDI

There could be no looking back for the Baltic Dry Index (BDI) hereon. Hovering around 1300 levels at present, this freight index, which measures the price of shipping majors' raw materials, is expected to move only northwards in the coming months. With global dry bulk traffic set to increase on select routes and discarding of old vessels only on the rise, BDI could have a smooth and steady uphill journey. 

Experts are of the view that US president Donald Trump's policies on pollution norms and thrust on coal production in the world's largest economy would have a significant impact on