Baltic Dry Bulk Freight Index declines as freight rates for all vessel types fall

Golden Ten Futures, March 10 – On Tuesday, the Baltic Dry Index declined as freight rates for all vessel types fell. The Baltic Dry Index dropped by 147 points, or 7.1%, to 1,919 points. The Capesize Index fell by 333 points, or 11.8%, to 2,502 points. Average daily earnings for Capesize vessels decreased by $3,019 to $19,188. The Panamax Index slipped by 53 points, or 2.7%, to 1,861 points. Average daily earnings for Panamax vessels dropped by $473 to $16,750. The Supramax Index declined by 31 points, or 2.3%, to 1,342 points.