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Baltic Dry Index Rises to Over Two-week Peak
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to a more than two-week high on Thursday, driven by gains in the capesize segment.
The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 97 points, or 4.53%, to 2,239 points, the highest since April 4.
The capesize index jumped 273 points, or 20%, to 1,636 points, also a peak since April 4.
Average daily earnings for capesizes, which typically transport 150,000 tonne cargoes such as iron ore and coal, increased by $2,266 to $13,571.
https://www.marinelink.com/news/baltic-dry-index-rises-twoweek-peak-495978.