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The Baltic Exchange dry bulk index rose 19 points to 1,669 and posted its fourth straight weekly gain, reaching a 17-week high. The Panamax index hit a five-month high, and capesize earnings were supported by iron ore prices that rose on expected Chinese stimulus.
Higher dry bulk rates raise the ocean freight component of grain and oilseed export costs, which can narrow FOB prices for US and Black Sea origins. The gain was broad across all vessel sizes, which supports a firmer freight market.
gcaptain.comReutersMar 14, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
