Baltic Index Falls for 4th Session

The Baltic Index, measuring the price for dry bulk freight, fell by 0.7% to 2,973 points on Tuesday, a fourth straight decline to its lowest since late August. The index measuring prices for capsize bulk carriers dropped 1.9% to its lowest level since August 20th. In turn, indexes measuring panamax and supramax vessels inched higher by 1.1% and 0.4%, respectively.

The Baltic Index, measuring the price for dry bulk freight, eased by 0.3% to 2,994 points on Tuesday, a third straight decline to its lowest since late August. The index measuring prices for capsize bulk carriers dropped 0.9% to its lowest level since August 21st. In turn, indexes measuring panamax and supramax vessels inched higher by 0.8% and 0.3%, respectively.

The Baltic Index, measuring the price for dry bulk freight, fell by 2.2% to 3,002 points on Tuesday, its lowest since late August. The index measuring prices for capsize bulk carriers plunged by 4% to 4,638, aligned with a drop in earnings for iron ore and coal carriers. In turn, indexes measuring panamax and supramax vessels was mostly unchanged from the previous session.