The Baltic Dry Index (BDI) has rocketed to a four-month high as key segments of the bulker spot market post steady rate gains.
The Baltic Exchange index, a measure of broad dry bulk spot market strength, hit 1,584 points on Wednesday, a one-day gain of 3.8% and a rise of 22.7% since the same time of the prior week.
It is the highest level for the BDI since 11 May, when it touched its peak so far in 2023 before spiralling downward to a nadir of 919 in June.
