The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, advanced for a third session on Friday, rising about 2.8% to 2,028 points.

The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, climbed 5.8% to 2,880 points; and the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, went up 0.2% to 1,838 points.

Among smaller vessels, the supramax index fell 0.5% to 1,283 points.

The benchmark index logged a weekly gain of 0.9%.

Source: Trading Economics