Shipping Companies Believe Current Rate Hikes Are Temporary

Image via Flickr by zackzen

Every day the Baltic Exchange in London releases the Baltic Dry Index, which tracks the prices of shipping bulk freight. This week, prices are up 14 percent over last week, and have reached the highest level of the current year. Though most company representatives only agreed to speak with reporters anonymously, most are in agreement that these price hikes are temporary and should stabilize by next year.

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