Baltic Exchange dry bulk freight index. BADI rose for a third day Friday by China's iron ore trading firm to help the larger capesize profit jumped to more than one-year high.
But trucking industry be more shocks expected in coming months due to oversupply of vessels and the downturn in the economic situation will be increasingly pressured to make a profit on China demand for raw materials but also worries about the future warming.
Baltic Dry Index rose 40 points, or 2.13% to 1922 points.
Transport accounts for a large iron ore shipping capesize broker said about one-third the amount of iron ore prices is still affecting the dry bulk freight rates is a key factor.
Capesize freight market to promote the recent rally helped by Australia and Brazil to China's coal mines and iron ore export and import activities in Japan to pick up. Growing port congestion ship also provided support to the market.
Baltic capesize index. BACI 4.76% increase in average daily earnings rising to $ 32,617 the ship hit the highest since November 2010 level.
Baltic's panamax index. BPNI 1.18% increase in average daily profit of $ 13,682 ships.