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Baltic Dry Index Extends Gains to Over 2-Week High

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The Baltic dry index surged 4.1% to 2,843 on Monday, its highest level since July 15. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, soared 6.2% to an over two-week high of 4,564. The panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, rose 2.3% to 2,135, its highest level since July 21. Also, the supramax index increased to 1,610.

Source: Trading Economics

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