The Baltic Dry Index ended a three-day decline and climbed about 1.9% to 2,652 points, supported by firmer Capesize rates.
The Baltic Dry Index, a benchmark for dry-bulk freight markets, halted a three-day losing streak on Wednesday and rose about 1.9% to 2,652 points. Firmer Capesize rates provided the main support for the increase.
Source:
bairdmaritime.comShare this article
Related news
Yangzijiang Maritime Sells Six Newbuild Tankers for $308 Million
Yangzijiang Maritime Development has agreed to sell six newbuild MR tankers for a total consideration of $308 million, with deliveries scheduled for 2027–2028.
KMTC Places First Chinese Shipyard Order for Six 3,100-TEU Containerships
South Korean liner operator KMTC has ordered six 3,100-TEU containerships from China, marking its first-ever newbuilding contract with a Chinese shipyard.
High tanker rates may persist despite possible sanctions relief
Reintroducing some previously sanctioned tankers into lawful trades could add capacity, but maritime analysts expect only limited relief for freight rates.