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| Economy |
| Baltic Dry Index continues recovery to 349, up 7 |
| 2016-03-05 |
| The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, continued its recovery on Friday driven by improved rates for panamaxes and smaller vessels. The overall index, that gauges the cost of shipping resources including iron ore, cement, grain, coal and fertiliser, was up seven points or 2.05 percent, at 349 points. The index, which touched an all-time low of 290 points on Feb. 10, has since registered gains in 16 successive sessions to rebound by over 20 percent. |
| Posted by:badanov |