Baltic Dry Index Snaps 2-Day Advance

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, snapped a two-day winning streak on Wednesday, falling 0.3% to 2,670 points. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, decreased 0.5% to 4,283 points; and the supramax went down 0.5% to 1,534 points. On the other hand, the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, rose 0.7% to 1,979 points.

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was up for a second session on Tuesday, adding 11 points to 2,677 points, driven by gains across all vessel segments. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, advanced 22 points to 4,304 points; and the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, increased 9 points to 1,966 points. Among smaller vessels, the supramax index went up 2 points to 1,542 points.

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, edged down by 0.1% to 2,673 points on Thursday, ending a 14-day rally, but still near a more than four-month high. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, decreased by 0.9% to 4,315 points; and the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, fell 0.3% to 1,965 points. Among smaller vessels, the supramax index climbed 2.6% to its highest since early December 2023 at 1,522 points.