Baltic Dry Index Up for 5th Day

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The Baltic Dry Index rose for a fifth consecutive session, gaining 0.3% to 2,862 points, its highest level since October 9. The Panamax index also advanced, up 1.9%, reflecting stronger freight rates for vessels that commonly transport coal and grain.

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, advanced for a fifth straight session on Tuesday, up 0.3% to a fresh high since October 9 at 2,862 points. The panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, rose by 1.9% to its ...