FX.co ★ Baltic Dry Index Falls to 1-Week Low

The Baltic Exchange's dry bulk index, an indicator of freight rates for ships carrying dry commodities, experienced a decrease for the second consecutive day on Thursday. The index fell approximately 1.7%, reaching its lowest point since October 16, at 2,057 points. This decline was largely influenced by pressures within the larger vessel segment. The capesize index, which is responsible for transporting substantial cargo loads, typically around 150,000 tons including iron ore and coal, also saw a decrease for the second day in a row, dropping 3% to a one-week low of 3,059 points. Concurrently, the supramax index continued its downward trend for the fourth consecutive session, decreasing by 19 points to rest at 1,378 points.