Loading…
The Baltic Dry Index reached about 1,141 points by Wednesday, near a five-month high, after a steep decline in late January. Rates were supported by lower bunker fuel prices and firmer forward freight agreements, while Panamax paper prices fell.
A stronger dry bulk index signals higher ocean freight costs for grain and meal cargoes, though lower bunker costs partly offset the increase.
seatrade-maritime.comMarcus HandJun 7, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
