Baltic Dry Index Up for 2nd Day

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, was up for a seventh straight session on Thursday, rising by 2.1% to its highest since October 5 at 3,020 points. Gains were broad-based across vessel segments, particularly the larger one. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, advanced by 2.9% to its highest since October 2 at 4,836 points. At the same time, the supramax index increased by 1.2% to an over one-week high of 1,831 points; and the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, went up 0.7% to its highest level since October 22 at 2,117 points.

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, rose by 3.4% to its highest since October 8 at 2,959 points, extending gains for the sixth consecutive session. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, climbed by 5.5% to a peak since October 5 at 4,700 points. Concurrently, the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, rose by 1.4% to its highest since October 23 at 2,103 points. Among smaller vessels, the supramax index edged up by 0.2% to 1,810 points, halting a 11-session losing run.

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, advanced for a fifth straight session on Tuesday, up 0.3% to a fresh high since October 9 at 2,862 points. The panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, rose by 1.9% to its highest since October 26 at 2,075 points; and the capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, remained steady at an over one-month high of 4,457 points. Among smaller vessels, the supramax index eased further by 0.2% to reach its lowest level since October 7 at 1,806 points.