MARITIME BUSINESS LEADERS
BREAKING NEWS
Baltic Dry Index Advances for 4th Day
The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, was up for a fourth session on Monday, rising by 1.8% to its highest since October 9 at 2,854 points. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, also advanced for fourth day, up 2.7% to a more than one-month high of 4,459 points. At the same time, the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, rose by 1.7% to its highest since October 26 at 2,037 points. Among the smaller vessels, the supramax index fell further by 0.3% to its lowest since October 8 at 1,810 points.
Source: Trading Economics
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