Baltci Dry Index at Over 3-Week High

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, advanced for a third session on Friday, rising by 2.4% to its highest since October 12 at 2,805 points. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, also increased for third day, surging by 3.7% to a near one-month high of 4,344 points; and the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, rose by 2.4% to its highest since October 27 at 2,003 points. Among smaller vessels, the supramax index fell further by 0.5% to its lowest since october 9 at 1,815 points.