FX.co ★ Baltic Dry Index Up for 6th Day

The Baltic Exchange’s dry bulk freight index, which measures shipping rates for vessels transporting dry bulk commodities, rose by 3.4% to 2,959 points, its highest level since October 8, marking a sixth consecutive session of gains. The capesize index, tracking ships that typically carry 150,000-ton cargoes such as iron ore and coal, jumped 5.5% to 4,700 points, its strongest reading since October 5. The panamax index, reflecting rates for vessels that usually transport 60,000 to 70,000 tons of coal or grain, increased by 1.4% to 2,103 points, the highest since October 23. Among smaller vessel segments, the supramax index inched up 0.2% to 1,810 points, snapping an 11-session losing streak.