Baltic dry bulk index rises 0.3% but falls 8.1% weekly

  • Baltic Exchange’s dry bulk index rose for a second consecutive session on Friday.
  • Capesize earnings increased $296 to $42,228 as the index reached 5,042 points.
  • The benchmark fell 8.1% weekly, while capesize and panamax indexes declined 12.8% and 1.5%.

The Baltic Exchange’s dry bulk freight index rose 0.3% to 3,148 points on Friday, extending gains into a second session despite an 8.1% weekly decline. The index tracks rates for capesize, panamax and supramax vessels. The capesize index climbed 0.6% to 5,042 points, while average daily earnings increased $296 to $42,228; the segment fell 12.8% over the week. The panamax index dropped 0.3% to 2,372 points, with average daily earnings down $58 to $21,349, and declined 1.5% for the week. Supramax rates fell 0.3% to 1,789 points.

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