According to CoinMeta, the Baltic Dry Freight Index has rebounded from its lowest level in over two weeks, driven by increased demand for Capesize and Panamax vessels. The Baltic Dry Freight Index rose by 104 points, or 3.93%, to 2,694 points from the previous trading day. The Capesize index increased by 276 points, or 7.22%, to 4,097 points. The average daily profit for Capesize ships rose by $2,511 to $33,659. The Panamax index ended a 15-day consecutive decline, rising by 28 points, or 1.50%, to 1,894 points on Wednesday, which is the highest level in about a week. The average daily profit for Panamax ships rose by $258 to $17,049. The Ultra-Lightweight Dry Bulk index fell by 11 points, or 0.6%, to 1,835 points, hitting its lowest level since October 13.