Baltic Dry Index Edges Down

The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, fell about 0.3% to 2,057 points on Thursday, after rising roughly 2% in the prior session. The capesize index, which typically transport 150,000-ton cargoes including iron ore and coal, decreased by 0.7% to 2,965 points; and the supramax index went down 0.9% to 1,229 points. Conversely, the panamax index, which usually carry 60,000 to 70,000 tons of coal or grain, rose nearly 1% to 1,909 points.

The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, climbed roughly 2% to its highest since March 9 at 2,064 points on Wednesday, following a modest decrease in the prior day. The capesize index, which typically transport 150,000-ton cargoes including iron ore and coal, surged 3.4% to 2,986 points; and the panamax index, which usually carry 60,000 to 70,000 tons of coal or grain, rose by 2.1% to 1,891 points. On the other hand, the smaller supramax index decreased by 1.3% to 1,240 points.

The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, halted a four-day winning streak on Tuesday, falling 0.7% to 2,024 points. The capesize index, which typically transport 150,000-ton cargoes including iron ore and coal, decreased by 1.3% to 2,888 points; and the supramax index declined by 1% to 1,256 points. On the other hand, the panamax index, which usually carry 60,000 to 70,000 tons of coal or grain, rose by 0.9% to 1,853 points.