FX.co ★ Baltic Dry Index Ends 5-Day Losing Run

The Baltic Exchange's dry bulk index, a key indicator for shipping rates of dry commodities, ended its five-day decline on Wednesday with a 0.6% increase, reaching 1,961 points. This upward movement was largely driven by the larger vessel segment. Specifically, the capesize index, which generally handles 150,000-ton shipments of commodities like iron ore and coal, broke its five-day losing streak by climbing 2.1% to 2,843 points. In contrast, the panamax index, which is responsible for carrying 60,000-70,000 tons of coal or grain, continued its downward trend for a third consecutive day, dropping 1% to hit a low not seen since October 21, settling at 1,885 points. Meanwhile, in the smaller vessel category, the supramax index decreased by 8 points, bringing it down to 1,342 points.