Baltic Dry Index Snaps 7-Day Winning Streak

The Baltic Exchange's dry bulk sea freight index, which tracks the shipping rates for vessels transporting dry bulk commodities, decreased by 11 points to 1,658 on Monday, concluding a seven-day rise. The capesize index, representing vessels that typically carry 150,000-ton loads such as iron ore and coal, dropped 89 points to settle at 2,768. Conversely, the panamax index, which usually handles 60,000 to 70,000 tons of coal or grain, climbed 38 points, reaching a five-month peak at 1,403. Meanwhile, among smaller ships, the supramax index advanced by 24 points, achieving a three-month high of 954.