02SEP2019 - News - Shipping's great fuel switch pushing up freight costs

THE cost of shipping commodities by sea surged to the highest in almost nine years as vessel owners start taking
carriers off hire to prepare them for sweeping new fuel rules.

The Baltic Dry Index, a measure of freight for everything from coal to iron ore to grains, surged to 2,378 points
on Friday, the highest since November 2010, according to figures from the London-based Baltic Exchange.