The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, retreated for a second session on Thursday, dropping about 4.3% to its lowest since February 27 at 2,138 points.

The larger vessel segments were hit by reduced traffic through the Strait of Hormuz, reflecting disruptions caused by the Middle East crisis.

The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, slipped 7.8% to a three-week low of 2,951 points; and the panamax index, which usually carry 60,000 to 70,000 tons of coal or grain, fell 0.8% to 1,997 points.

On the other hand, the supramax index remained steady at 1,392 points.
Source: Trading Economics