FX.co ★ Baltic Dry Index at 2-Week Low

The Baltic Exchange’s dry bulk freight index, which tracks rates for vessels transporting dry bulk commodities, fell for a third consecutive session on Friday, declining about 3.1% to 2,752 points, its lowest level since July 3. The capesize index, covering ships that typically carry 150,000-ton cargoes such as iron ore and coal, also registered a third straight decline, slipping 5.6% to 4,097 points, as softer cargo demand and greater vessel availability weighed on spot earnings. The panamax index, which reflects rates for vessels hauling around 60,000 to 70,000 tons of coal or grain, edged down 0.4% to 2,248 points. Among smaller segments, the supramax index rose 0.4% to 1,737 points, its highest level since August 2022. Over the week, the benchmark index lost more than 6%.