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The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, advanced for a second session on Friday, rising by 1.8% to 2,841 points, driven by gains across all vessel segments. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, also gained for a second day, climbing by 2.8% to 4,552 points; and the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, snapped a seven-day losing streak, up 0.7% to 2,108 points. Among smaller vessels, the supramax index rose to fresh July highs. The benchmark index recorded a weekly decline of 0.8%.
