Baltic Dry index at Near 1-Week Low

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, was down for a second session on Monday, falling by 1.2% to a near one-week low of 2,628 points, pressured by the larger vessel segments. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, also decreased for a second day, dropping by 1.7% to its lowest in nearly a week at 3,726 points; and the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, fell by 1.6% to its lowest since July 30 at 2,075 points. Among smaller vessels, the supramax index edged up by 0.1% to 1,888 points.