Baltic Dry Index jumps 4.4% to 3,056, fifth straight gain, as capesize earnings hit $42,148

Summary

The Baltic Dry Index rose 130 points, or 4.4%, to 3,056 on 26 August, its highest since 10 August and a fifth consecutive daily gain, versus 2,841 on 21 August. Capesize led, with the sub-index up 6.3% to 5,033 and average daily earnings up $2,706 to $42,148; panamax rose 3.7% to 2,246 with earnings up $717 to $20,213; supramax was flat at 1,644. Typhoon Narra tightened tonnage in the South China Sea.