- Stocks of dry bulk shipping companies up 4-9 pct, reflecting rise in Baltic Exchange’s main sea freight index

- Rise driven by surging demand for capesize vessels, with Baltic’s capesize index registering its biggest percentage jump in just over eight months

- Shares of Golden Ocean Group Ltd rise as much as 10.5 pct to $3.15

- Shares of Navios Maritime Holdings Inc up 6.4 pct, Star Bulk Carriers Corp up 5.4 pct, Scorpio Bulkers Inc shares up nearly 4 pct, Safe Bulkers Inc up 6.3 pct

- Up to Wednesday’s close, the Dow Jones Global Shipping Index had fallen nearly 28 pct in the past 12 months