Baltic Index Profit for the third week in a row in a higher Capesize demand

The Transportation Index of the Utik Baltic Exchange, which measures the tariff for ships carrying dry bulk commodities, changes slightly on Friday but registers a third weekly profit in a row behind strong profits in the Captesize ship segment.

The main index, which tracks the tariff for shipping shipping ships, Panamax and Supramax, down 1 point, or 0.04%, to 2,257 points.

The index is a long -level near the highest level since March 2024, which was touched in the previous session. It rose 10% for a week.

The CAPESIZE index gained 39 points, or 1%, to 3,829, the highest level in more than a year. This gets around 24% for this week, marking the third weekly increase in succession.

The average daily income for capsizing ships, which usually carry 150,000 tons of cargo such as iron ore and coal, increased $ 327 to $ 31,756.

Iron ore futures are locked in the fifth weekly profits in a row, overcoming the initial decline on Friday even when an increase in inventory of port and weaker global steel production burdens prices.

The Panamax index declined 44 points, or 2.3%, to 1,838, ending the week 4.2% lower after four consecutive weeks -according to profits.

The average daily income for Panamax ships, which usually carry 60,000-70,000 tons of coal or seeds, decreased $ 400 to $ 16,540.

Among the smaller ships, the Supramax index released 4 points, or 0.3%, to 1,294.
Source: Reuters