MARITIME BUSINESS LEADERS
BREAKING NEWS
Baltic Dry Index Rises for 4th Day
The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, advanced for a fourth straight session on Thursday, rising by 0.5% to a fresh high since October 13 at 2,693 points. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, also advanced for a fourth day, up 1.5% to a more than one-week high of 3,848 points. Concurrently, the supramax index increased by 1.1% to a peak since August 2022 at 1,890 points. Meanwhile, the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, fell further by 2.4% to its lowest since August 24 at 2,151 points.
Source: Trading Economics
#latestnews #theshippingtribune #shippingnews #baltic #dryindex
Comments