The Baltic Exchange's dry bulk sea freight index achieved its third consecutive weekly rise, surging by 13.3% to 2,102, with a notable 15.5% gain for the week. Across all vessel segments, including capesize, panamax, and supramax, rates strengthened. The capesize index notably rose by 26.4% to 3,385, propelled by growth in iron ore futures. Positive movements were also observed in the panamax and supramax indices, increasing by 1.5% and 1.1%, respectively. This overall positive trend signals a robust upturn in rates and earnings within the dry bulk shipping market.

SOURCE: GOOGLE