FX.co ★ Baltic Dry Index Continues to Fall

The Baltic Exchange's dry bulk sea freight index, which monitors the rates for ships transporting dry commodities, continued its downward trend for the 11th consecutive day on Tuesday, declining by approximately 4.2% to reach its lowest point since March 6, at 1,342 points. This sustained decline is largely attributed to ongoing trade tensions that have negatively impacted demand. The capesize index, encompassing vessels that transport 150,000-ton cargoes such as iron ore and coal, also experienced its 11th consecutive drop, falling over 5% to 1,915 points, marking its lowest level since March 5. Similarly, the panamax index, which represents ships typically carrying 60,000-70,000 tons of coal or grain, continued its losses for the sixth day, decreasing by around 5.8% to 1,278 points. In the category of smaller vessels, the supramax index fell by 1.1%, reaching its lowest in over three weeks at 954 points.