Strengthening dry markets have enabled the Baltic Dry Index (BDI) to finally break through the 1,000-point mark for the first time in 2020.
The index mounted a one-day gain of 81 points on Tuesday to reach 1,054, showing improving spot rates across the capesize, panamax and supramax markets from which the BDI is compiled.
It has been almost half a year since the index was at four-figure levels, when it was assessed at 1,090 points on 24 December last year.
