The Baltic Dry Index, which measures the cost of shipping goods around the world, bounced back from a one-month low of 1,267 reached on September 11 helped by an uptick in capesize rates. Still, the index remains well below the multi-month peak of 1,956 touched on July 6th, as the tanker shipping industry has been under pressure due to lower oil production and demand as well as lower shipments of industrial commodities to Asia.
