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| Economy |
| Baltic Dry Index climbs to 450, up 21 |
| 2016-04-02 |
| Today, Friday, April 01 2016, the Baltic Dry Index climbed by 21 points, reaching 450 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesdayy the 10th of February 2016, when the index dropped to 290 points. Source: Hellenic Shipping News Worldwide |
| Posted by:badanov |
| #1 These new super ships are mostly upgraded and much less costly to operate. No longer are they required to use canals as in the past. Big money in these upgrades. |
| Posted by: Dale 2016-04-02 16:51 |