MARITIME BUSINESS LEADERS
BREAKING NEWS
Baltic Dry Index Slips to Near 1-Week Low
The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, snapped its three-day winning streak on Monday, dropping by 2.4% to its lowest since October 27 at 2,648 points. Declines were seen across all vessel segments. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, slipped nearly 4% to 3,963 points, after three consecutive sessions of advances. At the same time, the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, decreased by 0.8% to its lowest since April 13 at 1,874 points, extending its losing streak to 14 consecutive sessions. Among smaller vessels, the supramax index fell by 0.5% to a fresh low since October 15 at 1,856 points.
Source: Trading Economics
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