Baltic Dry Index at Near 1-Week High

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, advanced for the second session on Wednesday, rising about 2.4% to a near one-week high of 2,562 points. Gains were seen across all vessel segments. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, surged 4.1% to 3,692 points, marking the second day of increases; and the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, rose 1.1% to 2,177 points. Among smaller vessels, the supramax index went up by 0.4% to 1,673 points.

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, snapped a six-day losing run on Tuesday, rising about 0.4% to 2,501 points, supported by the larger vessel segments. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, went up 0.3% to 3,548 points, after several days of declines; and the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, added 1.4% to 2,154 points. On the other hand, the supramax index edged down by 0.1% to 1,667 points. The benchmark index logged a quarterly gain of about 25%, but dropped 22% for the month.

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was down for the sixth straight session on Monday, falling about 1.4% to its lowest since April 15 at 2,490 points. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, slumped by 2.8% to 3,538 points; and the supramax index edged down by 0.1% to a fresh low since June 15 at 1,668 points. On the other hand, the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, rose 0.7% to 2,124 points.