FX.co ★ Baltic Dry Index Advances for 7th Day

The Baltic Exchange’s dry bulk freight index, which measures rates for vessels transporting dry bulk commodities, rose for a seventh consecutive session on Thursday, gaining 2.1% to reach 3,020 points — its highest level since October 5. The advance was broad-based across vessel classes, with particularly strong gains in the larger segments.

The capesize index, which reflects earnings for ships that typically carry 150,000-ton cargoes such as iron ore and coal, climbed 2.9% to 4,836 points, its highest level since October 2. The supramax index added 1.2% to 1,831 points, an over one-week high. Meanwhile, the panamax index, which tracks vessels that usually transport 60,000–70,000 tons of coal or grain, rose 0.7% to 2,117 points, its strongest reading since October 22.