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Baltic Dry Index Down for 5th Day

The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, was down for a fifth consecutive day on Friday, falling by 0.7% to a fresh low since January 23 at 1,923 points.

The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, declined by 1.1% to 2,918 points; and the panamax index, which usually carries 60,000-70,000 tons of coal or grain, went down by 0.4% to 1,652 points.
Source: Trading Economics



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