The Baltic Dry Index reaches a new high in a week.

The Baltic Dry Index rose to a more than one-week high due to an increase in Cape-sized ship rates. The Baltic Dry Index rose by 38 points, or 3%, to 1305 points, the highest since May 8. The Cape-sized ship rate index rose by 123 points or 7.46%, to 1771 points. Daily earnings for Cape-sized ships rose by $1021, to $14691. The Panamax ship rate index fell by 8 points, or 0.6%, to 1287 points, the lowest since April 17. Daily earnings for Panamax ships fell by $69, to $11585. The Supramax bulk carrier index fell by 2 points, to 975 points.