Baltic Dry Index Falls for 2nd Session

AI Summary

The Baltic Dry Index declined by 1.2% continuing a recent downward trend with the capesize index falling 2% driven by key bulk cargo transportation such as iron ore and coal. Other vessel indices like supramax and panamax showed mixed results.

The Baltic dry index fell 1.2% to 3,046 on Tuesday, extending a 0.2% decrease on Monday. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, dropped 2% to 5,001. Also, the supramax index went down 0.2% to 1,600, the lowest in nine weeks. On the other hand, the panamax index, which ...