The Business Times (Singapore): Baltic Dry Index Sees Biggest Weekly Jump

“The Baltic Dry Index, a measure of shipping costs for commodities, had its biggest weekly jump in 11 weeks on surging rates for capesize-class vessels to haul coal and iron ore . . . . In the Caribbean, Aframaxes were hired for an average of Worldscale 70 from WS 85 on Sept 25, according to New York-based Poten & Partners . . . . “