The Baltic Dry Index (BDI), a major indicator of bulk shipping rates, has climbed sharply higher over the past few weeks to hit its highest level in 18 months.
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Restrictions at the Panama Canal and congestion at Brazilian ports behind rate hike
Container freight rates seen softening
Container rates remain in downtrend
Baltic index at lowest since mid-2020
Container rates also lower
Demand for ocean freight seen backing off
Canadian grain exports slow either way