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2025-09-18 20:49:57
[A New Trend in Global Trade? Dry Bulk Freight Index Soars to a Two-Month High] ⑴ The Baltic Index, which tracks rates for ferrying dry bulk commodities, rose to its highest point in nearly two months on Thursday, primarily driven by rising capesize rates. ⑵ The main index rose 1.2% to 2205 points, its highest level since July 28. ⑶ The Capesize Index also reached a two-month peak, soaring 3.4% to 3411 points, its highest level since July 29. ⑷ Capesize daily earnings increased by $922 to $28,288. ⑸ In contrast, the Panamax Index fell 2.2% to 1881 points, reaching its lowest point in over a week. ⑹ Panamax daily earnings fell by $380 to $16,928. ⑺ Meanwhile, the Supramax Index remained unchanged at 1492 points. ⑻Although iron ore futures prices fell slightly on Thursday, the decline was limited by China's demand for restocking before the National Day holiday. ⑼The performance of the shipping market is often seen as a barometer of global trade activity.
