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Baltic Dry Index Up for 2nd Day

The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, advanced for a second session on Thursday, rising about 2.4% to 1,972 points, mainly supported by the bigger-size segment.

The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, surged by 5.7% to 2,721 points, partly on the back of higher iron ore prices.

At the same time, the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, went up 0.2% to 1,835 points; while the supramax index fell 1.7% to 1,290 points.
Source: Trading Economics



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