Baltic Dry Index Up to 1-Month High

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, rose about 1.4% to its highest since June 8 at 2,910 on Thursday, following a marginal decrease in the prior session. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, advanced 2% to a one-month peak of 4,569 points; and the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, rose 0.4% to 2,253 points. Among smaller vessels, the supramax index went up 0.8% to 1,700 points.

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, snapped a six-day winning streak on Wednesday, falling 4 points to 2,871 points, pressured by the larger vessel segment. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, decreased by 0.8% to 4,480 points, after six consecutive sessions of gains. Meanwhile, the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, rose by 0.7% to 2,245 points; and the supramax index went up 0.6% to 1,686 points.

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was up for the sixth consecutive session on Tuesday, rising by 2.8% to its highest since June 8 at 2,875 points. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, also advanced for the sixth day, adding 205 points to 4,514 points; amid stronger iron ore and coal cargo demand alongside ongoing Atlantic market strength. At the same time, the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, increased 14 points to 2,230 points; and the supramax index edged up 1 point to 1,676 points.