The Baltic Exchange’s dry bulk freight index, which tracks shipping rates for vessels transporting dry bulk commodities, rose for a fourth consecutive session on Monday, gaining 1.8% to 2,854 points — its highest level since October 9.
The capesize index, covering vessels that typically carry 150,000-ton cargoes such as iron ore and coal, also advanced for a fourth straight day, climbing 2.7% to 4,459 points, the highest in more than a month.
The panamax index, which reflects rates for ships that usually transport 60,000 to 70,000 tons of coal or grain, increased by 1.7% to 2,037 points, its strongest level since October 26.
In contrast, among the smaller vessel segments, the supramax index extended its decline, edging down 0.3% to 1,810 points, the lowest reading since October 8.
