The dry bulk shipping sector saw its ninth straight day of improvement on Thursday, primarily due to China's relentless imports of iron ore for steel production.
The Baltic Dry Index (BDI) gained 40 points to reach 2,750 points, a day after breaking the 2,700-point threshold for the first time in a decade on Wednesday.
"Iron ore prices and steel prices at a 10-year high are underlining the strong demand we are currently seeing in China," Clarksons Platou Securities wrote in its daily take on the dry bulk market.
