Baltic index up for tenth straight session

Reuters are reporting that the Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, has increased for the tenth straight session on 25 February, assisted by steady demand for smaller shipping vessels.

The overall index, which measures the cost of shipping resources including iron ore, cement, grain, coal and fertiliser had increased by three points at 325 points.

The index touched an all-time low of 290 points on 10 February marking the lowest level since records began in 1985, but has since shown signs of recovery.

Edited from source by Joseph Green. Source: Reuters

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