According to CoinMeta, the Baltic Dry Freight Index rose on Friday, marking its third consecutive week of increase, driven by stronger shipping rates for Capesize and Panamax vessels. The index climbed by 65 points or 2.37% to 2,805 points, reaching its highest level since October 12, with a cumulative increase of 3.4% this week. The Capesize Index rose by 153 points or 3.65% to 4,344 points, hitting its highest level in nearly a month, with a gain of 5.3%. The average daily profit for Capesize vessels increased by $1,382 to $35,892. The Panamax Index rose by 47 points or 2.40% to 2,003 points, reaching its highest level since October 27, with a cumulative increase of 6% this week. The average daily profit for Panamax vessels increased by $427 to $18,030. The Ultra-Lightweight Dry Bulk Index fell by 9 points or 0.49% to 1,815 points, hitting its lowest level since October 9, with a decrease of 2.7% this week, marking the second consecutive week of decline.