# Baltic Dry Index Marks First Yearly Gain in Three Years

> The Baltic Dry Index rose 0.3% to 1,366 on December 24, its first annual gain in three years and its third straight weekly rise. Capesize rates climbed on higher iron ore shipments to China, which Intermodal says could exceed one billion tonnes this year.

- Date: 2020-12-24 · published 2020-12-24T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/49850-baltic-dry-index-marks-first-yearly-gain-in-three-years
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Stronger dry bulk freight rates, driven by Chinese iron ore demand, raise the cost of moving grains and oilseeds by sea and reflect tight global shipping capacity.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- gcaptain.com: https://gcaptain.com/baltic-dry-index-marks-first-yearly-gain-in-three-years/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.