The global economy and the next year outlook havent improved largely in that time. Instead, a series of localised crises pushed demand for transportation.
The Baltic dry bulk freight index rose on Tuesday, due to higher freight rates for panamax and supramax vessels. The Baltic Dry index rose 8 points, or 0.8%, to 1,032 ponits. The capesize index fell 5 points, or 0.3%, to 1,550 points. Capesize average daily profit fell $36 to $12,858.