The Baltic Exchange’s dry bulk freight index, which measures shipping rates for vessels carrying dry bulk commodities, ended a three-session rally on Monday, falling 2.4% to 2,648 points — its lowest level since October 27. Rates declined across all vessel segments.
The capesize index, covering vessels that typically transport 150,000-ton cargoes such as iron ore and coal, dropped nearly 4% to 3,963 points after three straight days of gains. The panamax index, which tracks ships usually carrying 60,000 to 70,000 tons of coal or grain, slipped 0.8% to 1,874 points, its weakest level since April 13, marking a 14th consecutive session of losses.
Among smaller vessels, the supramax index declined 0.5% to 1,856 points, a new low since October 15.
