Baltic Exchange dry bulk freight index. BADI Wednesday rose to more than 10-month high boosted by the booming demand for cargo.
Ship brokers said demand for commodities supply growth rate expected over the next few months inhibition of dry bulk freight and global economic uncertainty is to increase its resistance.
Baltic Dry Index rose 21 points or 1.0% to 2127 points set December 8, 2010 and is the highest since the sixth consecutive day of gains in this wave rally with six trading days before the index has been declining.
Mining Group Fearnleys shipping brokers said predetermined conditions to help promote the capesize upside momentum.
"Capesize index with the pace this week as the market to rise more than 14% to 3486 points" Fearnleys said Wednesday.
The recent market rally is being shipping in Australia and Brazil, coal and iron ore exports to China to promote an increase in Japan's coal imports also increased.
Australia earlier this year by the floods interfere with production in Japan due to industrial demand for imports of raw materials affected by the earthquake.
Baltic capesize index. BACI rose 0.35 percent on capesize average earnings of $ 30,606 is the highest since late November last year.
Capesize usual carrying capacity is 15 million tonnes of cargo, iron ore and coal.
Baltic's panamax index. BPNI up 2.22% of the vessels and the average profit of $ 16,237 is the highest since the end of March. The vessels are usually 6-7 ten thousand tons carrying capacity of the main cargo of coal and grain.