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Driven by the freight rates of Capesize and Panamax vessels, the Baltic Dry Index continues to rise slightly.
Jin10 data reports on October 7th that supported by the rise in freight rates for Capesize and Panamax vessels, the Baltic Dry Index saw a slight increase on Tuesday. The Baltic Dry Index rose by 15 points, or 0.78%, to 1,947 points. The Capesize freight index increased by 57 points to 2,885 points. The average daily profit for Capesize vessels increased by $474 to $23,927. The Panamax freight index ended a 7-day decline, rising by 11 points to 1,665 points. The average daily profit for Panamax vessels increased by $102 to $14,988. The Supramax freight index fell by 18 points to 1,425 points, a new low since August 22.