Shipping Prices in an Uptrend

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In a major development, shipping prices showed an uptrend yesterday, reports Seeking Alpha.

Where it stands now

  • The Baltic Dry Index rose for the 13th day in a row with a 4.7% gain to 1,446 points.
  • The Capesize index was up 6.3% and the Panamax index increased 4.0%, while the Handysize index fell 0.5%.
  • The 52-week range for the BDI is 595.00 to 1,774.00. The index hasn’t been over 2K since 2014.

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Source: Seeking Alpha

 

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