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Baltic Dry Index Falls for 2nd Day

The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, was down for a second day on Tuesday, slipping about 4.5% to 2,028 points, pressured by the larger vessel segments.

The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, extended declines, sliding over 7% to 3,175 points; and the panamax index, which usually carries 60,000-70,000 tons of coal or grain, fell 1.4% to 1,724 points.

On the other hand, the supramax index rose about 1% to 1,083 points.
Source: Trading Economics



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