The Baltic Dry Index has risen to a three-week high due to strong freight rates for large vessels.

According to foreign media reports, the Baltic Dry Index has risen to a three-week high due to an increase in shipping rates for large vessels. The Baltic Dry Index rose by 30 points, or 2.18%, to 1403 points. The Cape Size Index rose by 91 points, or 4.8%, to 1980 points, the highest level since April 7th. The daily profit for Cape Size ships increased by $753 to $16,420. The Panamax Index rose by 3 points to 1395 points, marking its ninth consecutive day of increase. The daily profit for Panamax ships increased by $27 to $12,555. The Supramax Index fell by 2 points to 975 points.