Dry-Bulk Shipping Rates Hit Four-Month Peak on Capesize Demand

A key gauge of bulk shipping rates climbed to the highest since early December, driven by a surge in demand and tightening vessel supply.

The Baltic Dry Index rose 5.5% to 2,484 points on Wednesday in London, extending its rally for a ninth straight session. The index tracks freight rates across Capesize, Panamax and Supramax vessels hauling raw materials including iron ore, coal and grains.