FX.co ★ Baltic Dry Index Drops to 10-Day Low

The Baltic Exchange's dry bulk sea freight index experienced a 3.5% decline on Friday, reaching 1,689, marking its lowest point since June 10. The capesize index, which commonly transports cargoes of 150,000 tons such as iron ore and coal, saw a 6.5% decrease to 2,879, its lowest since June 6. Meanwhile, the panamax index, responsible for carrying loads of 60,000-70,000 tons of coal or grain, decreased slightly by 0.2% to 1,350, the lowest it has been in over a week. Conversely, the supramax index rose by 10 points, settling at 973.