The Baltic Dry Index falls to a nearly one-month low

Golden Ten Data Futures reported on June 17 that the Baltic Dry Index (BDI) fell for the third consecutive trading day, hitting a near one-month low, due to declines in Capesize and Panamax vessel rates. The BDI fell 17 points, or 0.6%, from the previous trading day to 2,653 points, the lowest level since April 21. The Capesize Index (BCI) decreased by 34 points, or 0.9%, to 3,877 points, marking a more than two-month low. Average daily earnings for Capesize vessels fell by $309 to $31,659. The Panamax Index (BPI) declined by 43 points, or 1.9%, to 2,223 points. Average daily earnings for Panamax vessels increased by $384 to $20,009. The Supramax Bulk Carrier Index (BSI) rose by 20 points, or 1.2%, to 1,705 points. The Handysize Index (BHSI) gained 7 points to 917 points.