Baltic Dry Index at Near 2-Week High
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The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, was up for a third day on Tuesday, rising 4.8% to the highest since January 7 at 1,729 points.The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, also advanced for the third session, surging 7% to 2,570 points; and the panamax index, which usually carries 60,000-70,000 tons of coal or grain, rose 3.2% to 1,570 points.Among smaller vessels, the supramax index added 13 points to 983 points.
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