2019 has at best been strenuous for the dry bulk sector so far, as factors like the accident at a Vale mine in January took many cargoes off the market and pushed rates to rock-bottom.
In the past month, however, developments seem to have turned around. Carried by increased capesize rates, the dry bulk index Baltic Dry has boomed since June, from just above USD 1,000 to currently USD 1,759 – the highest level so far this year.
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