Baltic Exchange Dry Index Up
The Baltic Dry Index rose nearly 1.8% to 3,240 on Monday, halting a two-day losing streak, lifted by record iron ore prices amid hopes of a global economic recovery alongside worries on capacity constraints. The capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, advanced 2.1% to 5,109; and the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and iron ore, rose 2% to 3,014. Among smaller vessels, the supramax index added 20 points to 2,216.
8 hours ago