Baltic Dry index Up for 4th Day

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, advanced for a third session on Friday, rising by 2.4% to its highest since October 12 at 2,805 points. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, also increased for third day, surging by 3.7% to a near one-month high of 4,344 points; and the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, rose by 2.4% to its highest since October 27 at 2,003 points. Among smaller vessels, the supramax index fell further by 0.5% to its lowest since october 9 at 1,815 points. The benchmark recorded a weekly gain of 3.4%.

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, was up for a second session on Thursday, rising by 1.7% to its highest since October 13 at 2,740 points, propelled by the larger vessel segments. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, also advanced for the second day, surging by 2.3% to a near one-month high of 4,191 points; and the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, rose by 3.3% to an over one-week high of 1,956 points. Among smaller vessels, the supramax index fell further by 0.6% to its lowest since October 12 at 1,824 points.

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, jumped by 4% to 2,694 points on Wednesday, halting a two-day losing streak, supported by the larger vessels. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, also snapped a two-day losing streak, soaring by 7.2% to 4,097 points, likely tracking higher iron ore prices. At the same time, the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, rose by 1.5% to a near one-week high of 1,894 points, after 15 consecutive sessions of declines. Among smaller vessels, the supramax index fell by 0.6% to its lowest since October 13 at 1,835 points.