FX.co ★ Baltic Dry Index at Near 1-Month High

The Baltic Exchange's dry bulk freight index, which tracks rates for vessels transporting dry bulk commodities, rose for the sixth consecutive session on Tuesday, gaining 2.8% to 2,875 points, its highest level since June 8. The capesize index, reflecting rates for ships that typically carry 150,000-ton cargoes such as iron ore and coal, also advanced for the sixth straight day, climbing 205 points to 4,514. The panamax index, which measures rates for vessels that usually transport about 60,000 to 70,000 tons of coal or grain, increased by 14 points to 2,230. Among smaller vessel segments, the supramax index inched up by 1 point to 1,676.