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27.05.202613:31:42UTC+00Baltic Dry Index at Near 2-Week High

The Baltic Exchange's dry bulk freight index, which tracks shipping rates for vessels transporting dry bulk commodities, rose for a third consecutive session on Wednesday, gaining about 1.3% to 3,124 points, its highest level since May 15. The increase reflected stronger demand across all vessel segments.

The capesize index, covering vessels that typically carry 150,000-ton cargoes such as iron ore and coal, climbed 1.5% to 5,272 points, a two-week high. The panamax index, which represents ships that usually transport 60,000 to 70,000 tons of coal or grain, also advanced 1.5%, reaching 2,292 points, its highest reading since May 20.

Among the smaller vessel categories, the supramax index edged up by 3 points, or 0.3%, to 1,562 points.

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