Baltic Dry Index Falls to 1-Week Low

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, declined for a third session on Tuesday, falling roughly 1% to its lowest since October 20 at 2,603 points. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, was also down for a third say, falling by 0.6% to a one-week low of 3,702 points; and the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, dropped by 2.6% to its lowest since July 29 at 2,021 points. Among smaller vessels, the supramax index decreased by 0.3% to 1,883 points.