Commodity Update March 17, 2021: BDI Freight Index Reach a New High in 5 Months

Commodity update as of 9:15 local time in Thailand on March 17, 2021

The Baltic Exchange’s main sea freight index rose to its highest in five months on Wednesday to 2,017 as rates across vessel segments strengthened. The index has gained nearly 15% in one month. The previous high was on October 6, 2020, when the index reached 2,097.