The Baltic Dry Index (BDI) has increased for the third consecutive day, reaching 997 points, a 0.30% rise, marking its highest in four days. Despite this, the index has experienced a 52.5% decline this year, recording its worst year since 2014. The Capesize Index (BCI) rose by 1.33% to 1,147 points, while the Panamax Index (BPI) increased by 0.82% to 988 points. However, the Supramax Index (BSI) decreased by 0.97% to 923 points, its lowest since last August.
Capesize vessels, which typically transport 150,000 tons of cargo like iron ore and coal, saw their average daily earnings rise to $9,516. Panamax vessels, carrying 60,000-70,000 tons of coal or grain, had daily earnings increase to $8,888. Meanwhile, iron ore futures have risen for two consecutive days, driven by steel manufacturers' pre-holiday restocking and renewed hopes for economic stimulus in China.
