The dry bulk market has experienced an extraordinary rally, marking eight consecutive increases, with the Baltic Dry Index reaching its highest point since May 2022. Shipbroker Xclusiv reports significant uptrends in Panamax, Supramax, and Handysize indices, reaching their peak levels in over 13 months. The Cape index, in particular, has outperformed, seeing an impressive rally of 84% within a week and a staggering increase of 228% since November 1, 2023. China's continued thermal coal imports and the lifting of Australia's informal ban contribute to the robust market.

SOURCE:GOOGLE