Dry bulk market enters 2010 on positive note

Dry bulk market started 2010 exactly as it began back at the beginning of 2009, with a bullish stance with renewed cargo interest. As a result, the Baltic Dry Index (BDI), a benchmark which tracks the cost of hauling commodities like iron ore and coal in dry bulk carriers, has risen by 8.8% or 265 points during the first couple of session into the new year.