FX.co ★ Baltic Dry Index Rises to Over 1-Month High

The Baltic Exchange’s dry bulk freight index, which tracks rates for vessels transporting dry bulk commodities, rose for a third consecutive session on Tuesday, gaining about 1.8% to 2,095 points—its highest level since March 5. The capesize index, reflecting earnings for ships that typically carry 150,000-ton cargoes such as iron ore and coal, also advanced for a third straight day, adding 2% to reach 3,148 points, an over one-month high. The panamax index, which measures rates for vessels that usually transport 60,000 to 70,000 tons of coal or grain, increased 1% to 1,802 points. Among the smaller segments, the supramax index edged up 0.6% to 1,231 points.