Baltic Dry Bulk Shipping Index Rises Due to Increased Demand for Capesize Vessels

Golden Ten Data Futures reported on March 16 that on Monday, March 16, the Baltic Dry Index (BDI) continued its upward trend, supported by rising Capesize vessel freight rates. The Baltic Dry Index increased by 10 points, or 0.5%, to 2,038 points compared to the previous trading day. The Capesize Index (BCI) rose by 47 points, or 1.6%, to 2,927 points. The average daily earnings for Capesize vessels increased by $419, reaching $23,040. The Panamax Index (BPI) fell by 2 points, or 0.1%, to 1,836 points. The average daily earnings for Panamax vessels decreased by $18, reaching $16,528. The Supramax Index (BSI) dropped by 15 points, or 1.2%, to 1,268 points. The Handysize Index (BHSI) fell by 19 points, to 788 points.