The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was up for the fourth session on Tuesday, rising about 0.7% to a new high since June 5 at 2,980 points, driven by gains across all vessel segments.
The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, advanced for the fourth day, increasing by 1% to its highest in over a month at 4,751 points; and the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, edged up 0.1% to 2,251 points.
Among smaller vessels, the supramax index increased by 0.2% to a peak since June 2022 at 1,710 points.