A chart shows the Baltic Dry Index hitting a more than three-week high, closing stronger this week.
2025-11-08 01:53:30

The Baltic Exchange’s main shipping index, which tracks freight rates for dry bulk vessels, rose to its highest level in more than three weeks on Friday and recorded a weekly gain, thanks to improved freight rates across all shipping sectors.
The main index tracking freight rates for Capesize, Panamax, and Supramax vessels rose 41 points, or 2%, to 2104, its highest level since October 13. The index gained 7% this week.
The Capesize index rose 99 points, or 3.1%, to 3,341, its highest level in more than three weeks, marking a weekly gain of 14.1% and its second consecutive week of increases.
The average daily earnings of Capesize vessels transporting 150,000 tons of cargo, such as iron ore and coal, increased by $821 to $27,709.
On Friday, iron ore futures prices in Dalian fell, recording a weekly decline, as weak steel demand and production cuts put pressure on prices in China, the world's largest consumer.
The Panamax index rose 16 points, or 0.9%, to 1,833, on track for a weekly gain.
The average daily earnings of Panamax vessels (typically carrying 60,000-70,000 tons of coal or grain) rose by $150 to $16,501.
Among smaller vessels, the Very Large Vessels Index rose 7 points, or 0.5%, to 1,319.
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