The Baltic Exchange's dry bulk index, a key indicator tracking rates for ships transporting dry commodities, rose for the fourth consecutive session on Tuesday, posting a 2.9% increase to reach 2,216 points—a level not seen since September 29. This uptrend was largely driven by the performance of larger vessels. The capesize index, representing ships that typically carry 150,000-ton loads such as iron ore and coal, jumped 5.7% to an over one-month peak of 3,516 points. Meanwhile, the supramax index saw a modest rise of 0.3% to 1,427 points, continuing its upward trajectory for the ninth straight session. Conversely, the panamax index, which generally handles between 60,000 and 70,000 tons of cargo like coal and grain, edged down by 0.3% to 1,882 points.
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