The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, advanced for a fifth consecutive session on Thursday, rising by 1% to its highest since March 5 at 2,161 points, driven by gains across all vessel segments.
The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, increased 0.5% to an over one-month high of 3,235 points; and the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, added 1% to 1.842 points.
Among smaller vessels, the supramax index rose 2.5% to 1,293 points.
Source: Trading Economics
