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Baltic Exchange freight Index, which tracks rates to ship dry commodities, rose almost 7.5% last week from 3,242 on March 5 to 3,506 on the back of good economic recovery in global market. The rise was reflective of higher trade by most countries along with rising Chinese demand for iron ore. The index which gauges cost of shipping resources including iron ore, cement, grains, coal and fertilisers has risen by more than 35% in the last one month from a low of 2,566 hit on February 15 to 3,506 last week. Though, most indicators point towards a further increase in ...