Baltic Dry Index Rises Further to Near 1-Week High

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, was up for a second session on Tuesday, rising about 1.9% to a near one-week high of 2,593 points. The main cupport came from the bigger-size segment. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, also advanced for a second day, climbing 4.7% to 3,522 points. Meanwhile, the supramax index was steady at 1,868 points; and the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, fell by 1.7% to 2,247 points.