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Higher supramax, panamax indices push Baltic Dry Index above 1433 points

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LONDON (Scrap Register): The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities continue to advance to above 1450 points on Thursday boosted by higher supramax and panamax indices.

The Baltic Dry Index, which provides an assessment of the price of moving the major raw materials – such as coal, iron ore and grain – by sea by taking in 23 shipping routes, measured on a time charter basis, climbed by another 25 points to 1458 points on Thursday.

The drive in seaborne trade of dry bulk commodities has helped boost the Baltic Dry Index from its low point in Mid-July till Today by just over 72%.

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