Jul. 11 at 2:46 PM
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The Baltic Exchange's dry bulk sea freight index, which tracks rates for vessels transporting dry commodities, advanced for a second day on Friday, jumping 13.5% to its highest since June 25 at 1,663 points, buoyed by gains across all vessel segments. The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, also extended gains from the prior session, climbing 26.4% to 2,104 points, its biggest daily rise since March 1, 2023. Additionally, the panamax index, which usually carries 60,000-70,000 tons of coal or grain, surged 8% to its highest since June 20 last year at 1,860 points; and the supramax index rose about 3.1% to 1,219 points. For the week, the benchmark index was up 2%, notching its first weekly gain in four.
