Baltic Dry Index Scales New Heights

The Baltic Dry Index - the benchmark guide to drybulk shipping rates on 40 routes across the world - is up almost 6% at 4643 today, it's fifteenth day of straight increases.

The index has now risen 115% in less than two months, from a low of just 2163 set as recently as September 24th 2009, and now stands at it's highest level since September 2008.

You can follow the Baltic Dry Index using Nogger's widget on the right under the heading Interactive Charts.