The Baltic Dry Index increased 1.28% to 616 points in London as the slow return of trade to China continues with coal, steel, soybeans, etc., all seeing an increase in demand.
The Baltic Dry Index bottomed out at 411 on February 10 and traded as high as 2,518 last September.
Capesize rates were down 1.1% in the latest read and Supramax rates fell 3.5%. Panamax rates pushed up 0.7%.
Related ETFs: Invesco Shipping ETF (NYSEARCA:SEA), Breakwave Dry Bulk Shipping ETF (NYSEARCA:BDRY).
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