Baltic Dry Index hits near two-month high

The Baltic Dry bulk freight index rose on Monday, hitting a near two-month high on strong demand for capesize vessels. The Baltic Dry bulk freight index rose 108 points, or 5.3 percent, to 2,158, its highest level since May 9. The Capesize index rose 348 points, or 10.1 percent, to 3,791, its highest level since March 19. Capesize daily profits rose $2,881 to $31,438. The Panamax index slipped 5 points, or about 0.3 percent, to 1,662. Panamax daily profits fell $52 to $14,955. The ultra-handy bulk freight index fell 16 points, or 1.2 percent, to 1,369.