FX.co ★ Baltic Dry Index Down for 3rd Day

The Baltic Exchange's dry bulk freight index, which tracks rates for vessels transporting major dry bulk commodities, fell for a third consecutive session on Wednesday, declining about 3.5% to 2,939 points — its lowest level since August 4. The capesize index, reflecting earnings for vessels that typically carry 150,000-ton cargoes such as iron ore and coal, dropped 5.8% to 4,712 points. The panamax index, which measures rates for ships that usually transport 60,000 to 70,000 tons of coal or grain, ended a ten-session winning streak, edging down 0.4% to 2,302 points. Among the smaller vessel segments, the supramax index inched up 0.2% to 1,603 points.