Baltic Dry Index Falls from 9-Week High

The Baltic dry index decreased 0.2% to 3,083 on Monday, easing from a nine-week high reached on Friday. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, fell 0.5% to 5,105. On the other hand, the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, increased 0.4% to 2,306, its highest since June 2. Meanwhile, the supramax index was little changed at 1,603.

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, snapped a five-day winning streak on Thursday, falling about 0.2% to 3,057 points. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, also halted its five-day advance, decreasing by 0.8% to 5,052 points; and the supramax index shed 4 points, or 0.3%, at 1,608 points. Conversely, the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, rose by 1.7% to its highest since June 15 at 2,275 points.

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was up for a fifth straight session on Wednesday, climbing by 4.3% to its highest since June 3 at 3,063 points, mainly supported by the larger segments. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, surged by 6.6% to a peak since June 3 at 5,094 points; and the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, rose by 2.2% to its highest since July 17 at 2,236 points. On the other hand, the supramax index fell by 0.1% to 1,612 points.