The Baltic Dry Index on Monday fell by 1.8% to 3445 points, indicating a continued downward trend for the third consecutive session. This decrease has reached the lowest level since September 2, 2023, and is particularly significant given the current conditions in the dry market and maritime transport.
Analysis of Various Transport Indices
The Capesize index, which typically carries 150,000-ton shipments including iron ore and coal, has decreased by 2.8% to 5912 points. Additionally, the Panamax index, which usually transports 60,000 to 70,000-ton shipments of coal or grains, has dropped by 0.6% to 2393 points. In contrast, the Supramax index increased by 0.4% to 1725 points, indicating steady demand for this type of vessel.
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Decrease in Ship Traffic in the Strait of Hormuz
As the maritime transport market is under pressure, the number of cargo ships passing through the Strait of Hormuz has decreased to less than 10 ships per day over the past weekend. This figure is below the 10-day average of 14 ships per day and indicates a significant reduction in activities on this route. These changes may be due to fluctuations in the global market and the economic impacts of political and economic developments.
According to forecasts, the continued decline of the Baltic Dry Index and the drop in maritime activities could affect global commodity prices and the global supply chain. Experts in transport and international trade are closely monitoring these trends to provide better predictions about future markets.
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