Commodities Buzz: Baltic Index Up 28 percent Last Week

Baltic freight index gained 305 points or 27.98% to 1395 points during week ending 15th June,2018. An unprecedented growth 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