Baltic Dry Index Snaps 4-Day Winning Run

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, snapped its four-day winning streak on Friday, falling by 1.2% to 2,660 points. The panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, dropped roughly 2% to a fresh low since August 24 at 2,109 points. Meanwhile, the capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, also halted its four-day winning run, decreasing by 1.5% to 3,791 points. Among smaller vessels, the supramax index went down by 0.2% to 1,887 points. For the week, the benchmark index advanced about 5.9%, notching its second consecutive weekly gain, mainly supported by the bigger-size segment.