Baltic Dry Index Down for 8th Day

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, continued to decline for the eighth consecutive session on Wednesday, slipping about 4.8% to its lowest since July 29 at 2,667 points. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, plunged 9.1% to its lowest level since late June at 3,630 points. Concurrently, the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, dropped roughly 1% to 2,409 points. Among smaller vessels, the supramax index rose 0.7% to 1,845 points.

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, was down for a seventh successive session on Tuesday, falling about 1.8% to its lowest since August 20 at 2,801 points. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, dropped about 3.7% to its lowest since late July at 3,994 points, marking the seventh straight day of declines. Meanwhile, the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, remained unchanged at 2,432 points. Among smaller vessels, the supramax index rose by 0.7% to 1,833 points.

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.