The cost of transporting dry bulk commodities by ship rose for another five sessions this week, continuing from its one month winning streak starting at the end of February.
The market was up after Brazilian miner Vale voiced optimism on Chinese iron ore demand, as well as increased smaller vessel shipping activity.
The Baltic Dry Index (BDI) was 922 on 28 March versus 891 on 21 March. Capesize, Panamax, Supramax, and Handymax were 1361, 1740, 1054, and 566 respectively.
Helping to keep the BDI rally going was...