Baltic Dry Index Up for 6th Day

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, rose by 3.4% to its highest since October 8 at 2,959 points, extending gains for the sixth consecutive session. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, climbed by 5.5% to a peak since October 5 at 4,700 points. Concurrently, the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, rose by 1.4% to its highest since October 23 at 2,103 points. Among smaller vessels, the supramax index edged up by 0.2% to 1,810 points, halting a 11-session losing run.