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Finance & Markets

Baltic Dry Index Breaks 3-Day Decline

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, halted its three-day losing streak on Wednesday, rising about 1.9% to 2,652 points. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, surged roughly 5% to a two-week high of 3,886 points, reversing three consecutive ...

We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.

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BofA tracks shipping data showing Red Sea transit recovery

Bank of America released its latest shipping and supply chain data tracking report, showing container shipping through the Red Sea has recovered to 65% of normal levels in the past two weeks.

  • Container shipping through Red Sea reaches 65% of pre-pandemic levels
  • Global port congestion drops to 10% of fleet capacity
  • Tanker spot rates fall from recent highs but remain elevated

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