Commodities Buzz: Baltic Index Up 28% Last Week

Baltic freight index gained 305 points or 27.98% to 1395 points during week ending 15th June,2018. Such a sharp spurt was triggered by the significant activity in the large-tonnage transportation sector, which strengthened by more than 58% points over the week. Capesize fleet transportation market in the Atlantic strengthened significantly amid an increase in supplies of metallurgical raw materials for shipments from Brazil to China, according to media reports.