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Shipping companies shares rise after Baltic Dry Index hits 2-year high

Shipping companies shares rise after Baltic Dry Index hits 2-year high

Tuesday, March 28, 2017, 7:57 PM

Shares of shipping companies such as GE Shipping, Shipping Corporation of India (SCI) and Essar Shipping rose up to 3.8% higher on Tuesday. The stocks rose as a result of the Baltic Dry Index hitting a two-year high on Monday at 1,282 points. The index rose further on Tuesday climbing by 51 points, to reach 1333 points.
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