The Baltic Dry Index hits the highest level in over a month

Golden Ten Data Futures reported on April 9 that on Thursday, the Baltic Dry Index rose to its highest level in over a month, as freight rates for all vessel types increased. The Baltic Dry Index gained 22 points, or 1%, from the previous trading day to reach 2,161 points, marking the highest level since March 5. The Capesize index rose by 15 points, or about 0.5%, hitting a more than one-month high of 3,235 points. Average daily earnings for Capesize vessels increased by $133 to $25,835. The Panamax index climbed 19 points, or about 1%, to reach 1,842 points. Average daily earnings for Panamax vessels rose by $173 to $16,582. The Supramax index was up by 32 points, or 2.5%, to 1,293 points.