The Baltic Dry Index (BDI) climbed more than 3% on Monday as cape size vessel rates surged sharply, according to Finansavisen.
The index, which tracks the cost of carrying dry bulk commodities like iron ore and coal, is now showing renewed strength after months of volatility in global shipping markets.
The move comes amid ongoing uncertainty in key maritime corridors and shifting demand patterns in bulk cargo trade.
While no single geopolitical event triggered the rise, analysts note that seasonal demand for large-capacity vessels in the Atlantic and Pacific trade lanes appears to be gaining momentum.
This development follows a challenging first quarter for Norwegian shipping firms, with Havila Shipping reporting a 30.5% drop in freight revenue year-over-year.
The recent BDI rebound may signal a potential stabilization in the sector after a period of declining profitability.