Baltic Dry Bulk Freight Index Rises, Increased Demand for Capesize and Panamax Ships

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On March 18 (Wednesday), the Baltic Dry Index (BDI) rose, driven by increased demand for Capesize and Panamax vessels. The Baltic Dry Index (BDI) was up 40 points, or about 2%, from the previous trading day, to 2,064 points. The Capesize Index (BCI) rose 98 points, or 3.4%, to 2,986 points. The average daily earnings for Capesize ships increased by $883 to $123.6k. The Panamax Index (BPI) rose 38 points, or 2.1%, to 1,891 points. The average daily earnings for Panamax ships increased by $342 to $17,016. The Supramax index (BSI) fell 16 points, or 1.3%, to 1,240 points. The Handysize index (BHSI) fell 11 points to 759 points.

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