FX.co ★ Baltic Dry Index Falls for 5th Day

The Baltic Exchange's dry bulk sea freight index, monitoring shipping rates for dry goods, continued its downward trend for the fifth consecutive session on Tuesday. It fell by approximately 2.1%, reaching 1,458 points, its lowest level since June 3. This decline was influenced heavily by the performance of larger vessel segments. The capesize index, associated with ships carrying around 150,000 tons of cargo such as iron ore and coal, saw its 11th consecutive day of decline, dropping by 4.7% to 2,011 points, marking its lowest since May 28. In contrast, the panamax index, which services vessels typically transporting 60,000 to 70,000 tons of coal or grain, remained stable at 1,500 points, the highest it has been since March 31. Meanwhile, the supramax index increased by 6 points, ending at 1,018 points.