By SIMON CONSTABLE
Get ready for a gust of wind—freight futures look ready to set sail. The recently becalmed dry-bulk sector is likely to get a lift from surging demand for raw materials, particularly from China, which is expected to outpace freight capacity over the next two years.
The Baltic Dry Index, which measures the cost to move freight such as coal, iron ore, and grain across the world's oceans, plunged over the past few weeks, sinking more than 50% from its Dec. 12 peak. Still, at 1106, the index is more than 300 points above its lows from last year. See original story here.
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