FX.co ★ Baltic Dry Index Continues to Fall, Posts Weekly Loss

The Baltic Exchange's dry bulk sea freight index, which monitors the rates for ships transporting dry commodities, decreased for the sixth consecutive session on Friday, dropping by 8 points to 1,901 points—its lowest level since August 21—due to continued weak demand across various vessel categories. Meanwhile, the capesize index, which often ferries 150,000-ton loads like iron ore and coal, broke a five-day losing trend by increasing 4 points to 2,724 points. In contrast, the panamax index, responsible for carrying 60,000-70,000 tons of coal or grain, fell by 23 points to 1,662 points, marking its lowest status since August 20. Smaller vessels were not spared, as the supramax index declined by 9 points to 1,447 points. The overall index experienced a 15.8% decrease throughout the week, representing its most significant weekly drop since late January.