MARITIME BUSINESS LEADERS
BREAKING NEWS
Baltic Dry Index Advances for 7th 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.
Source: Trading Economics
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