Baltic Dry Index Down for 2nd Day

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, retreated for a second session on Wednesday, falling about 1.4% to a fresh low since July 31 at 2,776 points. Larger declines in the bigger-size segments outweighed a mild increase in the smallest one. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, was also down for a second day, dropping by 1% to a new low since July 31 at 4,376 points; and the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, declined by 2.2% to its lowest since July 31 at 2,107 points. On the other hand, the supramax index rose by 0.2% to a fresh high since July 28 at 1,634 points.

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, slipped about 2.2% to 2,815 points on Tuesday, its lowest level since July 31, snapping a two-day advance. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, also halted a two-session winniinf streak, dropping by 3.1% to its lowest since July 31 at 4,452 points; and the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, declined by 2.3% to its lowest since August 3 at 2,155 points. On the other hand, the supramax index rise by 0.2% to 1,631 points, its highest since July 28.

The Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, advanced for a second session on Monday, rising about 0.5% to 2,878 points. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, also increased for the second day, up 1.2% to 4,590 points; and the supramax index went up 0.4% to its highest level since July 28 at 1,628 points. Conversely, the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, fell by 1% to its lowest since August 4 at 2,206 points.