Baltic Dry Index Breaks 4-Day Advance

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, halted a four-day advance on Wednesday, falling about 1.7% to 2,929 points, dragged down by the bigger-size segment. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, snapped a four-day rally, dropping about 3.3% to 4,594 points. Conversely, the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, went up 0.3% to 2,258 points; and the supramax index rose by 0.6% to its highest since August 2022 at 1,720 points.

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was up for the fourth session on Tuesday, rising about 0.7% to a new high since June 5 at 2,980 points, driven by gains across all vessel segments. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, advanced for the fourth day, increasing by 1% to its highest in over a month at 4,751 points; and the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, edged up 0.1% to 2,251 points. Among smaller vessels, the supramax index increased by 0.2% to a peak since June 2022 at 1,710 points.

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, advanced for the third session on Monday, rising about 0.5% to a fresh high since June 5 at 2,960 points. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, also increased for the third day, rising by 1% to its highest in over a month at 4,702 points; and the supramax index went up by 0.1% to its highest since June 22 at 1,707 points. Meanwhile, the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, fell by 0.1% to 2,250 points.