Consolidation of Coal Shipping Industry

Baltic Dry Index, gauge of global shipment of bulk materials, gained 29% last week to 1257. That means the index surged 142% year-on-year to tracking iron ore and coal, which gained 32.4% and 100% year-on-year, despite recent corrections. While prospect of commodities remains uncertain, some investors have also speculated in the shares of shipping companies listed on Indonesia Stock Exchange.

Read More