The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities.
Baltic Dry index continues to fall
The baltic Exchange index continued its decline for the tenth consecutive day on Monday, slipping nearly 2% to 1,382 points—the lowest level since January 18—due to rate decreases across all vessel segments. The capesize index, which covers 150,000-ton cargoes like iron ore and coal, dropped by 70 points to 1,786 points.
The panamax index also fell
The panamax index, typically used for 60,000-70,000-ton cargoes of coal or grain, fell by 11 points to 1,190 points. Meanwhile, the supramax index, reflecting smaller vessel rates, declined by 6 points to 1,234 points.
