Baltic Dry Index Falls for 2nd Day

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was down for a second session on Tuesday, falling about 0.6% to 2,667 points, amid broad-based declines across vessel segments. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, decreased by 0.7% to its lowest since June 18 at 4,046 points; and the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, eased 0.7% to 2,045 points. Among smaller vessels, the supramax index fell by 0.6% to 1,705 points.

The Baltic Exchange dry bulk freight index declined 1.4% to 2,684 on Monday, reflecting broad weakness across all vessel categories. The capesize index, which typically carries around 150,000 tonne cargoes such as iron ore and coal, fell 1.8% to 4,074. The panamax index, covering vessels that usually transport 60,000 to 70,000 tonnes of coal or grain, also dropped 1.8% to 2,059. Also, the supramax index slipped 0.2% to 1,715.

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was up for a second session on Friday, rising about 2.4% to its highest since June 12 at 2,722 points, underpinned by the larger vessel segment. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, climbed by 5.3% to a peak since June 10 at 4,149 points. At the same time, the supramax went up 0.2% to 1,718 points. On the other hand, the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, dropped about 2.5% to 2,096 points. For the week, the benchmark index shed approximately 0.3%.