SB - Baltic Dry Index surges to 11-year high as Chinese ports stack up

The Baltic Dry Index (NYSEARCA:BDRY) is rising for a seventh straight session to its highest in more than a decade on stronger demand across vessel segments. The index +1.4% to 3,833, the highest since June 2010, while average daily earnings rose across categories for shipping vessels, for capesizes +8.4% to $44,495, panamaxes +2.6% to $32,024, and supramaxes +1.3% to $35,080. Among many relevant tickers: SHIP, DSX, EDRY, EGLE, GNK, GRIN, NM, NMM, SB, SBLK The partial shutdown of China's Ningbo port is worsening congestion at other major Chinese ports as ships are being diverted and cargo processing is slowed.

For further details see:

Baltic Dry Index surges to 11-year high as Chinese ports stack up