FX.co ★ Baltic Dry Index Halts 3-Day decline

On Thursday, the Baltic Exchange's dry bulk index, a key indicator of shipping rates for vessels carrying dry commodities, reversed its three-day decline, climbing approximately 2.3% to reach 2,077 points. This rise was buoyed by improvements across all vessel segments. The capesize index, which is primarily associated with the transportation of 150,000-ton cargoes such as iron ore and coal, ended its own three-day slump with a decrease of 3.6% to sit at 3,133 points. Meanwhile, the panamax index, typically linked to vessels hauling 60,000-70,000 tons of coal or grain, continued its upward trend for the seventh consecutive day, increasing by 0.5% to achieve its highest level since October 28 at 1,897 points. Additionally, among the smaller vessel categories, the supramax index rose by 22 points to 1,387 points.