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Market Update: Baltic Exchange Dry Index at Over 1-Month Low
The Baltic Dry Index fell for the 9th straight session to 2,428 on Monday, a new low since April 16th, amid concerns over demand and price controls. The capesize, which tracks iron ore and coal cargos of 150,000-tonnes, fell 2.2% to 2,467, the lowest since April 1; while the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and iron ore, rose 0.7% to 2,954, the highest since May 14. Among smaller vessels, the supramax index edged up 12 points to 2,461. source: Baltic Exchange [/s2If]
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