Due to the rise of Capesize ship freight rate, the Baltic dry bulk freight rate index hit the largest one-day increase in four months

Due to the rise of the channel ship freight rate index, the Baltic dry bulk freight rate index hit its largest one-day increase in four months on Friday. The Baltic dry bulk index rose 79 points to 1381. The Capesize freight index rose 257 points, or 31.4%, to 1075 points, its highest level in more than a week. The average daily profit of Cape ships increased by $2138 to $8918. The Panamax freight index fell 6 points to 1840, the lowest since April last year. Panamax's average daily profit fell $58 to $16557. The super handy ship freight rate index fell 16 points to 1597 points, the lowest level since February last year.