FX.co ★ Baltic Dry Index Breaks 9-Day Losing Run

The Baltic Exchange's dry bulk index, a key measure for rates of ships transporting dry commodities, ended its nine-day decline on Friday by rising approximately 2.3%, closing at 1,567 points. Meanwhile, the capesize index—responsible for carrying large 150,000-ton shipments of materials like iron ore and coal—broke its 16-day losing streak, climbing by 2.3% to reach 2,224 points. Similarly, the panamax index, which typically handles 60,000-70,000-ton loads of coal or grain, experienced a 4.3% increase, bringing it to 1,548 points. For smaller vessels, the supramax index saw a minor rise of 4 points, reaching 967 points. Despite these gains, the overall benchmark index recorded a 7.2% decline for the week, largely influenced by a 15.8% drop in the capesize segment.