Baltic Dry Index Up to 1-Week Highs
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The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, advanced for a second day on Monday, climbing 5.3% to a one-week high of 1,650 points, amid broad-based gains across vessel segments.The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, also increased for a second session, soaring 8.1% to 2,403 points; and the panamax index, which usually carries 60,000-70,000 tons of coal or grain, rose 4.3% to 1,521 points.Among smaller vessels, the supramax index added 3 points to 970 points.
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