The Baltic Dry Index has shown its largest daily rise in almost two years, following significant gains in the spot market for capesize bulk carriers.
The BDI was assessed at 626 points on Tuesday, having risen by 78 points since Monday's level.
The Baltic Capesize Index is no longer negative and cape spot rates have been assessed at higher than breakeven levels
The Baltic Dry Index has shown its largest daily rise in almost two years, following significant gains in the spot market for capesize bulk carriers.
The BDI was assessed at 626 points on Tuesday, having risen by 78 points since Monday's level.