FX.co ★ Baltic Dry Index Extends Rally Into 9th Day

The Baltic Exchange's dry bulk index, a key indicator of shipping rates for vessels carrying dry commodities, experienced an upward trend for the ninth consecutive day on Tuesday, increasing by 0.6% to reach 2,309 points. This marks the lowest index level since March 2024, driven primarily by the performance of larger vessel segments. The capesize index, which generally handles cargoes of approximately 150,000 tons—primarily iron ore and coal—rose by 0.8% to achieve a nearly four-month high of 3,730 points. Meanwhile, the panamax index, associated with shipping 60,000 to 70,000 tons of coal or grain, edged up 0.7% to 1,957 points, recording its fifth session of gains. In contrast, the supramax index saw a minor decline, slipping by 1 point or 0.1%, settling at 1,431 points.