FX.co ★ Baltic Dry Index Soars to 1-Year High

The Baltic Exchange's primary sea freight index experienced a significant rise of 4.2%, reaching 2,120 points on Wednesday, marking its peak since July 2024. The capesize index, which is responsible for transporting large cargoes typically around 150,000 tons, such as iron ore and coal, saw a notable increase of 9.1%, ascending to a five-week high of 3,339. Conversely, the panamax index—often associated with transporting 60,000-70,000 tons of coal or grain—experienced a slight decline, decreasing by 0.2% to settle at 1,905. Meanwhile, in the category of smaller vessels, the supramax index witnessed a decrease of 1.2%, landing at 1,313.