The Baltic Exchange Dry Index fell 2.2% to 5,526 on Friday, snapping a five-day winning run, but still near a 13-year peak. The Capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, decreased 3.6% to 10,112, but remained close to its highest level since September of 2008; and the Panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grains, fell 0.5% to 3,8866 its lowest in three weeks.
Among smaller vessels, the supramax index rose 16 points to 3,417. For the week, the Baltic Dry Index booked a gain of 6.2%, its fourth straight weekly rise, supported by robust demand and ongoing pandemic-related constraints, in particular, congestion in China. . source: Baltic Exchange
Baltic Exchange Dry Index
The Baltic Dry Index is reported daily by the Baltic Exchange in London. The index provides a benchmark for the price of moving the major raw materials by sea. The index is a composite of three sub-indices that measure different sizes of dry bulk carriers: Capesize, which typically transport iron ore or coal cargoes of about 150,000 tonnes; Panamax, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes; and Supramax, with a carrying capacity between 48,000 and 60,000 tonnes. The Baltic Dry Index takes into account 23 different shipping routes carrying coal, iron ore, grains, and many other commodities.
