The dry bulk freight rate index on the Baltic Exchange decreased to 3113 points, reaching its lowest level since August 27. This decline of 2.1 percent has been recorded over four consecutive sessions. This index generally tracks the freight rates of ships transporting dry bulk cargoes.
Declines in Various Indices
Among different categories of ships, the Capesize index, which typically carries cargoes weighing 150,000 tons including iron ore and coal, fell by 3.4 percent to 4928 points, the lowest level since August 25. Additionally, the Panamax index, which usually transports cargoes weighing 60 to 70 thousand tons of coal or grains, decreased by 0.3 percent to 2384 points.
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Status of Smaller Ships
Among smaller ships, the Supramax index remained unchanged at 1797 points, the highest level since August 2022. This situation reflects varying fluctuations in the dry bulk shipping market, and particularly in the current economic conditions, paying attention to these indices is very important.
Overall, this index recorded a monthly decrease of 1.4 percent but shows a 24.5 percent increase compared to the previous quarter. These statistics may indicate the repercussions of global economic changes impacting maritime transport markets.
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