Capesize Gains Pushes Baltic Dry Index Up By 0.80%

By
Mfame Editor
-
1005

The Baltic Dry Index increased as Capesize rates rose 2.09% offsetting Supramax rate drop, reports Seeking Alpha.

Baltic Index increase 

  • The Baltic Dry Index increased 0.80% to 757 points in London to make it seven straight days with a move higher.
  • The Baltic Dry Index bottomed out at 411 on February 10 and traded as high as 2,518 last September.
  • Capesize rates rose 2.09% to offset a 3.71% decline in Handysize rates and 1.53% drop for Supramax rates.

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Source: Seeking Alpha