Baltic Dry Index Rises Further, Posts Weekly Gain

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, fell about 1.4% to 3,151 points on Friday, after rising by 0.2% in the prior day, pressured by the bigger-size segment. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, dropped 2.3% to 5,316, marking the biggest daily decline in a week. On the other hand, the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, rose 0.7% to 2,521 points; and the supramax index went up 0.5% to 1,565 points. The benchmark index posted a weekly rise of 5.8%.

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, rose about 0.2% to its highest since December 5 at 3,195 points. The panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, advanced 2% to 2,503 points; and the supramax index increased by 0.3% to 1,558 points. On the other hand, the capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, fell 0.5% to 5,316 points.

The Baltic Exchange dry index rose 4.1% to 3,189 on Wednesday, the highest since November 2023. The capesize index, which typically transport 150,000-ton cargoes, including iron ore and coal, jumped 5.1% to 5,340. The panamax index, which usually carry 60,000 to 70,000 tons of coal or grain, increased 4% to 2,454. Also, the supramax index gained 1.2% to 1,553.