The Baltic Dry Index increased as Capesize rates rose 2.09% offsetting Supramax rate drop, reports Seeking Alpha.
Baltic Index increase
- The Baltic Dry Index increased 0.80% to 757 points in London to make it seven straight days with a move higher.
- The Baltic Dry Index bottomed out at 411 on February 10 and traded as high as 2,518 last September.
- Capesize rates rose 2.09% to offset a 3.71% decline in Handysize rates and 1.53% drop for Supramax rates.
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Source: Seeking Alpha
