Baltic Dry Index at Over 2-Month Low

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, declined for the fourth session on Thursday, falling about 1.6% to its lowest since April 17 at 2,591 points. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, slumped by 3.1% to 3,827 points; and the supramax index went down by 0.9% to its lowest since June 15 at 1,678 points. Conversely, the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, rose by 1.2% to 2,096 points.

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, eased for the third session on Wednesday, falling about 1.2% to its lowest since April 20 at 2,634 points. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, dropped about 2.4% to its lowest since June 18 at 3,950 points; and the supramax decreased by 0.7% to 1,693 points. On the other hand, the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, rose 1.3% to 2,071 points. Shipbroker Allied noted that while dry bulk and product tankers have shown early signs of recovery, market traffic remains below long-term averages as participants assess the durability of the current US-Iran framework.

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.