Baltic Dry Index Falls for 2nd Session

The Baltic dry index fell 1.2% to 3,046 on Tuesday, extending a 0.2% decrease on Monday. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, dropped 2% to 5,001. Also, the supramax index went down 0.2% to 1,600, the lowest in nine weeks. On the other hand, the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, increased 0.3% to 2,312, its highest level since June 2.

The Baltic dry index decreased 0.2% to 3,083 on Monday, easing from a nine-week high reached on Friday. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, fell 0.5% to 5,105. On the other hand, the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, increased 0.4% to 2,306, its highest since June 2. Meanwhile, the supramax index was little changed at 1,603.

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, snapped a five-day winning streak on Thursday, falling about 0.2% to 3,057 points. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, also halted its five-day advance, decreasing by 0.8% to 5,052 points; and the supramax index shed 4 points, or 0.3%, at 1,608 points. Conversely, the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, rose by 1.7% to its highest since June 15 at 2,275 points.