The Baltic Exchange’s dry bulk freight index, which monitors prices for ships carrying dry bulk commodities, rose for the fifth straight session on Thursday, rising 1% to its highest level since March 5 at 2,161 points, driven by gains across all ship segments.
The cargo volume index, which typically transports 150,000 tons of cargo including iron ore and coal, rose 0.5% to its highest level in more than a month at 3,235 points. The Panamax index, which usually carries between 60,000 and 70,000 tons of coal or grain, rose 1% to 1,842 points.
Among small ships, the Supramax index rose 2.5% to 1,293 points.
Source: Trade Economics
