# Rising Capesize, Panamax Rates Buoy Baltic Dry Index

> The Baltic Dry Index rose 3.2% to 1,418 on January 5, its highest since mid-October 2020. Capesize and panamax rates both gained, with capesize earnings up $752 per day and panamax up $529 per day.

- Date: 2021-01-05 · published 2021-01-05T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/49354-rising-capesize-panamax-rates-buoy-baltic-dry-index
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Rising capesize and panamax rates increase the cost of moving bulk commodities, including grain and coal cargoes, which tends to raise freight-inclusive import costs.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- gcaptain.com: https://gcaptain.com/rising-capesize-panamax-rates-buoy-baltic-dry-index/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.