Baltic Dry Index Up for 2nd Day

AI Summary

The Baltic Exchange dry bulk freight index rose for the second consecutive day, increasing by about 1.2% to reach its highest point since June 5 at 2,944 points. The capesize index, which transports large bulk cargoes like iron ore and coal, also advanced during this period.

The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was up for the second session on Friday, rising about 1.2% to its highest since June 5 at 2,944 points. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, also advanced for the second day, ...