Shipowners Rejoice Over Rising Demand for Commodities

LONDON—A long slump for dry-bulk shipping companies, which transport the raw materials of global trade, may be coming to an end.

After two years of below breakeven freight rates that pushed the world’s biggest ship operators deep into losses and smaller ones out of business, strong growth in the global economy has shipowners rejoicing.

The Baltic Dry Index, one the world’s leading trade indicators which measures the cost of…

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