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The Baltic Dry Bulk Freight Index continues to rise as Capesize ship freight rates increase.
On Friday, the Baltic Dry Bulk Freight Index continued its upward trend, supported by rising Capesize ship freight rates. The Baltic Dry Bulk Freight Index increased by 56 points, or 2.8%, to 2028 points. The index rose 0.9% this week. The Capesize ship freight index increased by 159 points, or 5.8%, to 2880 points. The index gained 9.5% this week. The daily profit for Capesize ships increased by $1,448, reaching $22,621. The Panamax ship freight index rose by 3 points, or 0.2%, to 1,838 points. The index declined by 6.3% this week. The daily profit for Panamax ships increased by $30, reaching $16,546. The Supramax bulk carrier freight index fell by 7 points, or 0.5%, to 1,283 points. The index decreased by 7.4% this week.