Baltic Dry Index Snaps 5-Day Losing Run

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, snapped its four-day winning streak on Friday, falling by 1.2% to 2,660 points. The panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, dropped roughly 2% to a fresh low since August 24 at 2,109 points. Meanwhile, the capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, also halted its four-day winning run, decreasing by 1.5% to 3,791 points. Among smaller vessels, the supramax index went down by 0.2% to 1,887 points. For the week, the benchmark index advanced about 5.9%, notching its second consecutive weekly gain, mainly supported by the bigger-size segment.

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, advanced for a fourth straight session on Thursday, rising by 0.5% to a fresh high since October 13 at 2,693 points. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, also advanced for a fourth day, up 1.5% to a more than one-week high of 3,848 points. Concurrently, the supramax index increased by 1.1% to a peak since August 2022 at 1,890 points. Meanwhile, the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, fell further by 2.4% to its lowest since August 24 at 2,151 points.

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, advanced for a third session on Wednesday, rising by 3.4% to its highest since October 13 at 2,680 points. Strength in the bigger-size segment continued to provide the main support. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, increased for a third day, surging by 7.7% to 3,793 points. At the same time, the supramax index rose by 0.1% to 1,870 points. Conversely, the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, fell by 1.9% to 2,204 points.