Baltic Dry Index Climbs to Nearly Five-Year High
The Baltic Dry Index, a key measure of shipping costs for dry bulk commodities, has risen to its highest level in nearly five years, driven by a 'perfect storm' in global shipping.
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Baltic dry bulk freight index climbs to nearly five-year high
By Investing.com
Read full article →Baltic Dry Index Nears Breakout As "Perfect Storm" In Global Shipping Emerges
Baltic Dry Index Nears Breakout As "Perfect Storm" In Global Shipping Emerges The daily benchmark measuring the cost of shipping raw materials across major global maritime routes is breaking out to a nearly three-year high this week, as Bloomberg reports that typhoons are squeezing the supply of Capesize vessels just as mining companies increase iron ore shipments across the Pacific and Atlantic. The Baltic Dry Index, which tracks freight rates for several vessel classes, includ...
By Tyler Durden
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