Baltic Dry Index Falls to Over 1-Month Low

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, dropped about 2.5% to its lowest since August 26 at 3,070 points on Monday, after two successive sessions of gains. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, also halted a two-day winning streak, slipping 4.2% to its lowest since August 25 at 4,833 points; and the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, fell 0.3% to 2,364 points. Among smaller vessels, the supramax index went up by 0.1% to 1,790 points.