Baltic Dry Index Ticks Down

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, edged down by 0.1% to 3,430 points on Wednesday, though remaining close to the highest since September 14. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, fell by 0.5% to 5,861 points. Meanwhile, the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, rose by 1.5% to 2,333 points; and the supramax index increased by 0.1% to 1,778 points.