The Baltic Exchange’s main sea freight index .BADI rose to its highest in over seven weeks on Wednesday, supported by higher shipping rates for all vessel segments, says an article published on XM.
Short term* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 109 points, or about 11%, to 1,099 — its highest since Jan. 10.
* The dry bulk market looked optimistic in the short term on an expected increase in Chinese iron...