Baltic Dry Index Rebounds on Friday, Records Weekly Drop

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The Baltic Dry Index rose by 0.7% to 2,863 after four days of losses, driven by increases in the capesize and supramax indices. This reflects recovering demand for transporting major bulk commodities such as iron ore and coal.

The Baltic dry index increased 0.7% to 2,863 on Friday, recovering after four consecutive sessions of losses. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, rose 1.5% to 4,538. Also, the supramax index went up 0.6% to 1,622, its highest since July 28. On the other hand, the panamax index, ...