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    Shipping and Logistics

    September Shipping Report

    Written by Sandy Williams


    Seaborne shipping is getting a much needed rise in rates. Freight rates are gaining strength following two years of historic lows, says MID-SHIP report. The Baltic Dry index, a benchmark for overall trade volume, rose to 1470 on Sept. 21 for its highest level in two years. MID-SHIP expects the BDI to approach 2000 in November, boosted by an increase in capesize rates, vessels carrying dry bulk materials.

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