Baltic Dry Index Advances for 4th Day

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, was up for a fourth session on Monday, rising by 1.8% to its highest since October 9 at 2,854 points. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, also advanced for fourth day, up 2.7% to a more than one-month high of 4,459 points. At the same time, the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, rose by 1.7% to its highest since October 26 at 2,037 points. Among the smaller vessels, the supramax index fell further by 0.3% to its lowest since October 8 at 1,810 points.