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Ships call at iron-ore berths at Pilbara Ports in Western Australia. Spot rates on the Western Australia to China benchmark route reached the highest levels in three months on Monday, despite muted fixing activity over the past few trading days. Photo: Pilbara Ports Authority

Spot market for capesize bulkers starts week up by 16%, lifting Baltic Dry Index

Price indicator for seaborne transport of dry bulk commodities is at its highest level for three months

11 January 2021 14:38 GMT Updated 11 January 2021 16:04 GMT

By Holly Birkett

in London

Rates in the spot market for capesize bulkers began the week with a bang, with the Baltic Capesize Index

Bulkers

Spot market for capesize bulkers starts week up by 16%, lifting Baltic Dry Index