The Baltic Dry Index rose on Thursday due to an increase in shipping fees for vessels.

On Thursday, the Baltic Exchange's dry bulk sea freight index rose, as freight rates for all vessel categories increased. The Baltic Dry Index rose by 42 points to 1465 points, a 3% increase. The Capesize index rose by 10 points or approximately 0.6% to 1664 points, ending a 17-day consecutive decline. Capesize vessels saw a daily profit increase of $84 to $13,799. The Panamax index rose by 102 points or 6.3% to 1723 points, reaching its highest level since July 31st of last year. Panamax vessels saw a daily profit increase of $917 to $15,507. The Supramax index rose by 31 points or 2.7% to 1182 points.