Freight rate spike puts dry bulk carriers back in spotlight | Hellenic Shipping News Worldwide
Freight rate spike puts dry bulk carriers back in spotlight 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. The 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 replenish supplies that were drawn down in the year of the pandemic. Shares of dry bu...
Source: hellenicshippingnews.com