Baltic Dry Index Up to 1-Week High

AI Summary

The Baltic Exchange's dry bulk freight index rose to its highest level since June 12, 2026, driven by increased rates particularly in the capesize segment, which carries large commodity loads including iron ore and coal.

The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was up for a second session on Friday, rising about 2.4% to its highest since June 12 at 2,722 points, underpinned by the larger vessel segment. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, ...