Due to the rise in freight rates for various types of ships, the Baltic Dry Index has climbed to its highest level in over a month.

Jin10 data reported on September 12th. On Friday, the Baltic Dry Index rose to its highest level in more than a month, benefiting from a general pump in freight rates across various vessel types. The Baltic Dry Index increased by 15 points that day, a rise of 0.7%, reaching 2,126 points, marking a new high since July 28th. The index accumulated a rise of 7.4% this week, the best weekly performance since July 21st. The Capesize index rose by 29 points, a rise of 1%, to 3,070 points, with an accumulated increase of about 8.3% this week, also marking the largest weekly gain since July 21st. The average daily earnings for Capesize vessels increased by $239, reaching $25,457. The Panamax index rose by 8 points, a rise of 0.4%, to 2,006 points, marking a new high since May 2024. The accumulated rise this week was 11.3%, the best weekly performance since July 7th. The average daily earnings for Panamax vessels increased by $73, reaching $18,056. The Supramax index rose by 8 points, a rise of 0.5%, to 1,492 points, with an accumulated increase of 2.5% this week.