The Baltic Dry Index continued a weeklong run to reach a two-year high on increasing dry-bulk charter activity, particularly for smaller bulk cargoes in the Atlantic Basin.
The broad index of bulker freight rates reached 1,257 on Friday, capping a 18% rise over the course of the week and the longest sustained period over 1,000 since late summer 2015, when the index peaked at 1,222 before making a long slide downward.
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