The Baltic Dry Index, which tracks shipping rates for dry bulk goods, rose by 1.9% to 2652 points on Wednesday, halting its three-day decline.
Significant Increase in Capesize Index
The Capesize Index, which typically includes shipments of 150,000 tons and covers goods such as iron ore and coal, increased by about 5% to 3886 points. This rise marked the highest level in the past two weeks and represented a rebound after three consecutive days of decline.
Read more: Special Energy Task Force Empowered to Review Fuel Prices and Quotas
Decline in Other Indices
Meanwhile, the Panamax Index, which typically carries coal or grain shipments of 60,000 to 70,000 tons, fell by 2.8% to 1965 points, marking its lowest level since late April. Additionally, the Supramax Index decreased to 1878 points, equivalent to a one-week low.
These changes in various shipping indices reflect diverse fluctuations in the maritime transport market, and analysts believe that several factors, including global demand and the economic situation of major countries, could influence these fluctuations.
Read more: Trump Described Gas Price Increase as Short-Term Pain for Long-Term Gain · Increase in VLCC Traffic in the Strait of Hormuz and Stability in Bab al-Mandab
