Today, Friday, January 13 2017, the Baltic Dry Index climbed by 18 points, reaching 910 points.
Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points.
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This news is important for investors who are interested in Cosco and Sembcorp Marine.
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