FX.co ★ Baltic Dry Index Up for 5th Day

The Baltic Exchange’s dry bulk freight index, which measures shipping rates for vessels carrying dry bulk commodities, rose for a fifth consecutive session on Tuesday, gaining 0.3% to 2,862 points, its highest level since October 9.

The panamax index, reflecting rates for vessels that typically transport 60,000 to 70,000 tons of coal or grain, climbed 1.9% to 2,075 points, the highest reading since October 26. The capesize index, which covers larger ships that usually carry about 150,000 tons of cargo such as iron ore and coal, was unchanged at 4,457 points, holding at its highest level in over a month.

Among the smaller segments, the supramax index slipped a further 0.2% to 1,806 points, its lowest level since October 7.