Baltic Dry Index Extends to Over 4-Month High

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, eased a third consecutive session on Tuesday, falling about 0.5% to a near one-week low of 3,205 points, pressured by the larger vessel segments. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, decreased by 0.7% to 5,459 points; and the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, shed 23 points at 2,321 points. Conversely, the supramax index rose 7 points to 1,577 points.

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, decreased for a second session on Monday, down 0.1% to 3,222 points, pressured by the larger vessel segment. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, fell by 0.1% to 5,496 points. On the other hand, the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, added 1 point to 2,344 points; and the supramax index edged up 1 point to 1,570 points.

The Baltic Exchange dry bulk index, which measures shipping rates for vessels carrying dry commodities, slipped 0.1% to 3,224 on Friday. The capesize index, covering ships that typically transport 150,000 ton cargoes such as iron ore and coal, fell 0.3% to 5,503. In contrast, the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, rose 0.5% to 2,343. The supramax index was unchanged at 1,569. Despite the decline, the broader Baltic index gained 20% over the month of May.