Feb 13, 2011

Baltic Dry Index Sees Freight Rates Rise - At Last



The Baltic Dry Index took its first tentative steps upward this week when it closed yesterday at 1136 points, up from the dismal 1043 it bottomed out at a week ago. The index, which gives a picture of dry bulk freight carriage prices globally, has been plunging downwards from a high of 2784 achieved in late October.
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Source: Handy Shipping Guide

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