The Baltic Dry Index, the benchmark for freight costs for dry bulk commodities such as iron ore, coal and iron, rose sharply again on Thursday, taking its gains over the past two days to almost 30 per cent on signs of a tentative recovery in Chinese iron ore imports.
The London-based index climbed 13.8 per cent to 1,498 points, the highest level in 3½ months and more than double its December 22-year low of 663.
