The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, fell to a near one-month low on Wednesday, as rates across all vessel segments declined.

The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 154 points to 1,980 points, its lowest since September 5.

The capesize index dropped 415 points to 2,890 points, a near one-month low.

Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal, decreased by $3,437 to $23,968.

The panamax index lost 51 points to 1,725 points, its lowest level since September 3.

Average daily earnings for panamax vessels, which usually carry 60,000-70,000 tons of coal or grain, fell by $464 to $15,521.

Among smaller vessels, the supramax index was down 6 points at 1,467 points.
Source: Reuters