Baltic Dry Index Falls for 4th Day

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, declined for the fourth session on Wednesday, down 1.6% to its lowest since May 11 at 3,005 points. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, decreased by 1.4% to 4,880 points; and the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, dropped by 3.5% to 2,374 points. Among smaller vessels, the supramax index edged down by 0.1% to 1,566 points.

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was down for the third session on Tuesday, falling about 1.2% to an over one-week low of 3,054 points, amid broad-based weakness across vessel segments. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, decreased by 1.3% to 4,949 points; and the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, fell by 2.1% to 2,459 points. Among smaller vessels, the supramax index edged down by 0.1% to 1,568 points.

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was down for a second session on Monday, falling about 1.9% to a near one-week low of 3,092 points, amid weakness in the larger vessel segments. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, slumped by 3.1% to 5,013 points; and the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, decreased by 0.4% to 2,511 points. On the other hand, the supramax index rose 0.3% to 1,570 points.