Baltic Dry Index Advances for 4th Day

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The Baltic Dry Index rose 1.8% to 2,854 points, its highest level since October 9, marking a fourth consecutive session of gains. The capesize index also advanced, reflecting firmer freight rates for vessels carrying major bulk cargoes such as iron ore and coal.

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, was up for a fourth session on Monday, rising by 1.8% to its highest since October 9 at 2,854 points. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, also advanced for fourth day, up ...