The Baltic Exchange’s dry bulk freight index, which measures shipping rates for vessels transporting dry bulk commodities, rose for a fourth consecutive session on Thursday, gaining 0.5% to 2,693 points—its highest level since October 13.
The capesize index, reflecting rates for vessels that typically carry 150,000-ton cargoes such as iron ore and coal, also climbed for the fourth straight day, advancing 1.5% to 3,848 points, the highest in more than a week.
The supramax index increased 1.1% to 1,890 points, its strongest level since August 2022. In contrast, the panamax index, which tracks ships that usually transport 60,000 to 70,000 tons of coal or grain, declined a further 2.4% to 2,151 points, the lowest since August 24.
