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

The Baltic Exchange's dry bulk index, a critical measure tracking the rates for ships that transport dry commodities, experienced its fifth consecutive decline on Wednesday. It fell approximately 5%, reaching its lowest point since November 26, now standing at 2,430 points. This decrease reflects a consistent downturn across all vessel categories. Specifically, the capesize index, which generally carries 150,000-ton cargoes like iron ore and coal, also fell for the fifth straight day, dropping 7.5% to a near two-week low of 4,284 points. Meanwhile, the panamax index, which is designed to handle cargoes of 60,000-70,000 tons such as coal or grain, decreased for the tenth consecutive day, slipping 1.2% to 1,764 points, its lowest level since October 9. Smaller vessels weren't exempt from this downward trend, as the supramax index lost 14 points, reaching 1,405 points.