Baltic Dry Index hits nine-month high

On Thursday, the Baltic Dry Index reached a more than nine-month high due to a significant increase in Capesize vessel freight rates. The Baltic Dry Index rose by 124 points, or 6.5%, to 2030 points, reaching a new high since September 30 of last year. The Capesize vessel index rose by 379 points, or 14.4%, to 3021 points, hitting a one-month high. Capesize vessels daily earnings increased by $3,147 to $25,055. The Panamax vessel index fell by 34 points, or 1.27%, to 1933 points. Panamax vessels daily earnings decreased by $301 to $17,399. The Supramax vessel index rose by 20 points, or 1.5%, to 1335 points.