Baltic Dry Index Down for 3rd Day

The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, snapped its three-day losing streak on Friday, rising 1.2% to 2,043 points, mainly supported by the larger vessel segments. The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, rebounded by 1.7% to 3,051 points; and the panamax index, which usually carries 60,000-70,000 tons of coal or grain, continued to increase, rising 1.2% to 1,838 points. Among smaller vessels, the supramax index eased 1 point to 1,159 points. For the week, the benchmark index fell around 1.9%.

The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, continued to fall for a third session on Thursday, dropping 2.1% to its lowest since February 11 at 2,019 points, amid ongoing subdued demand during the Lunar New Year in Asia. The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, declined 3.7% to 3,001 points; and the supramax index fell 1.7% to 1,160 points. On the other hand, the panamax index, which usually carries 60,000-70,000 tons of coal or grain, rose 1.1% to 1,816 points.

The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, eased for the second session on Wednesday, falling about 1.5% to its lowest since February 12 at 2,063 points, amid reduced seasonal demand during China’s Lunar New Year holiday. The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, continued to fall, dropping 2.5% to 3,115 points; and the supramax index decreased further by 1.2% to 1,180 points. Conversely, the panamax index, which usually carries 60,000-70,000 tons of coal or grain, rose 0.2% to 1,796 points.