Baltic Dry Index Extends Rally

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, advanced for the eighth consecutive day on Tuesday, climbing 4.6% to its highest since December 10 at 2,354 points. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, also increased for the eighth straight session, surging 6.8% to its highest since December 18 at 3,671 points. At the same time, the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, rose 2% to 1,900 points; and the supramax index went up 1.8% to 1,344 points.

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was up for a sixth straight session on Friday, rising 1.9% to its highest since March 4 at 2,201 points. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, also advanced for the sixth day running, climbing 2.6% to 3,318 points; and the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, rose 0.7% to 1,855 points. Among smaller vessels, the supramax index increased 1.2% to 1,308 points. The benchmark index rose 6.5% for the week, marking its strongest weekly performance since early February.

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, advanced for a fifth consecutive session on Thursday, rising by 1% to its highest since March 5 at 2,161 points, driven by gains across all vessel segments. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, increased 0.5% to an over one-month high of 3,235 points; and the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, added 1% to 1.842 points. Among smaller vessels, the supramax index rose 2.5% to 1,293 points.