Tag: Baltic dry index
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Baltic Dry Index extends rally, reaches 2-month high as Capesize market strengthens
Capesize extends rally on firm iron ore cargoes Panamax edges higher; Supramax trades with limited momentum The Baltic Dry Index (BDI) rose by 127 points (4.3%) d-o-d to 3,063 on 5 August from 2,936 on 4 August, extending its rally for another session. The gains were primarily driven by the Capesize segment, where robust iron…