The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, was down for a third session on Friday, sliding 6% to its lowest point since February 11 at 2,010 points.

Rates declined across all vessel segments amid disruptions to maritime traffic caused by the Middle East conflict.

The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, plummeted 10.8% to a one-month low of 2,631 points; and the panamax index, which usually carry 60,000 to 70,000 tons of coal or grain, fell 1.8% to 1,962 points.

Among smaller vessels, the supramax index went down 0.4% to 1,386 points.

For the week, the benchmark index dropped about 6.1%.
Source: Trading Economics