According to an article published in Reuters, the Baltic Exchange’s main sea freight index rose to its highest since December 2013.
Demand for vessels shipping iron ore- This demand has been driven by demand for vessels shipping iron ore in the Atlantic, pushing Capesize and Panamax indices to multi-year highs.
- The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose 3.2%, or 66 points, to 2,130, its highest since mid-December, 2013. The index has surged about 68% so far...
http://mfame.guru/baltic-index-hits-five-and-half-year-high/