Baltic Dry Index Falls to More Than 7-Week Low

The Baltic Exchange Dry index fell 2.2% to 2,852 on Monday, its lowest level since August 21. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, tumbled 4.4% to 4,148, its lowest level since late July. On the other hand, the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, increased 0.3% to 2,432 and the supramax index rose 0.4% to 1,821.

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, declined for a fifth straight session on Friday, dropping about 2.2% to its lowest since August 25 at 3,002 points. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, slipped by 4% to its lowest since August 21 at 4,638 points. Meanwhile, the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, edged up by 0.1% to 2,366 points; and the supramax index rose by 0.3% to 1,795 points. For the week, the benchmark index slipped over 7%,

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.