The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was up for a third session on Tuesday, rising about 1.8% to its highest since March 5 at 2,095 points.

The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, also increased for a third day, climbing 2% to an over one-month high of 3,148 points; and the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, rose 1% to 1,802 points.

Among smaller vessels, the supramax index increased 0.6% to 1,231 points.

Source: Trading Economics