Overview
The Baltic Exchange’s dry bulk freight index declined on Monday, with the composite index slipping 38 points, equivalent to a 1.4% drop, to a level of 2,684.
Vessel‑specific movements
The capesize segment fell 75 points, or 1.8%, reaching 4,074. Average daily earnings for capesize vessels, which typically haul 150,000‑metric‑ton cargoes such as iron ore and coal, decreased by $684 to $33,444 per vessel. The panamax segment declined 37 points, also 1.8%, to 2,059, and average daily earnings for panamax vessels, which usually transport 60,000‑70,000 tons of coal or grain, fell $328 to $18,532.
Related commodity market
China’s coking coal futures slipped amid expectations of higher supply following the restart of production in Shanxi province and a rise in imports.
Source note
The article was generated with AI assistance and reviewed by an editor, as indicated in the Reuters disclaimer.