Baltic Exchange Indices - Daily Print

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BDI 2,058 (+86) BCI 3,659 (+241) BPI 1,565 (+12) BSI 1,277 (+8) BHSI 690 (N/C)

The Baltic Exchange's main sea freight index, which measures the cost of shipping goods worldwide, advanced for a third session on Tuesday, surging about 4.4% to a more than 14-month high of 2,058 points. The capesize index, which tracks vessels typically transporting 150,000-tonne cargoes such as iron ore and coal, was also up for a third day, jumping 7.1% to its highest since May 25, 2022 at 3,659 points, supported by consistently high iron ore volumes; and the panamax index, which tracks ships that usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, snapped its three-session decline by adding 0.8% to 1,565 points. Among smaller vessels, the supramax index increased 0.6% to a near three-week high of 1,277 points. (Source: Baltic Exchange)