Interest in the dry bulk shipping segment, a sector that has been off the radar for more than a decade, is getting strong, against the backdrop of surging freight rates driven by an unexpected commodity boom during the Covid-19 pandemic, reports The Edge Markets.
Doubled average ratesThe Baltic Exchange Dry Index, which tracks freight rates across different vessel sizes, started the year higher than pre-pandemic levels, and is currently double its five-year average at 2,472 points as key markets...
https://mfame.guru/dry-bulk-market-in-limelight-with-freight-rate-surge/