Baltic Dry Index Rises for 2nd Day, Still Posts Weekly Loss

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, advanced for a second session on Friday, rising by 1.8% to 2,841 points, driven by gains across all vessel segments. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, also gained for a second day, climbing by 2.8% to 4,552 points; and the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, snapped a seven-day losing streak, up 0.7% to 2,108 points. Among smaller vessels, the supramax index rose to fresh July highs. The benchmark index recorded a weekly decline of 0.8%.

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, snapped a two-day losing streak on Thursday, rising about 0.5% to 2,791 points. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, increased by 1.2% to 4,429 points; and the supramax index went up 0.2% to a fresh high since July 28 at 1,637 points. By contrast, the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, fell 1% to a new low since July 31 at 2,088 points.

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, retreated for a second session on Wednesday, falling about 1.4% to a fresh low since July 31 at 2,776 points. Larger declines in the bigger-size segments outweighed a mild increase in the smallest one. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, was also down for a second day, dropping by 1% to a new low since July 31 at 4,376 points; and the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, declined by 2.2% to its lowest since July 31 at 2,107 points. On the other hand, the supramax index rose by 0.2% to a fresh high since July 28 at 1,634 points.