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Skyrocketing Baltic Dry Index has doubled in a year

The booming development in the strong dry bulk market is reflected in the benchmark Baltic Dry Index, which on Monday surpassed 4,000 points. The benchmark has more than doubled in the past year.

Photo: PR / Clipper Group

Since the beginning of the year, the dry bulk industry has benefited from a historically strong market.

In just a year, the Baltic Dry Index has more than doubled, indicating that the upward trend is continuing. In the latest development Monday, the index exceeded 4,000 points, specifically climbing to 4,092, according to Bloomberg.

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