MARITIME BUSINESS LEADERS
BREAKING NEWS
Baltic Dry Index Up for 6th Day
The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, rose by 3.4% to its highest since October 8 at 2,959 points, extending gains for the sixth consecutive session. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, climbed by 5.5% to a peak since October 5 at 4,700 points. Concurrently, the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, rose by 1.4% to its highest since October 23 at 2,103 points. Among smaller vessels, the supramax index edged up by 0.2% to 1,810 points, halting a 11-session losing run.
Source: Trading Economics
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