Baltic Dry Index (BDI) is useful in determining the cost to move materials/hard commodities by sea continuing its mild recovery for a fourth consecutive month touching a 15-month high of 860 levels. China that continues to command 70% of the world's seaborne trade has increased its iron ore imports, which could have led to an uptrend in BDI rates. Consolidation within the shipping industry (through bankruptcy/merger) and seasonality typically results in strengthening of BDI over October-December. Average BDI for October grew 5% MoM...