The Baltic Dry Index hit a one-month low due to a decrease in Cape-sized vessel freight rates.
On Thursday, the Baltic Dry Index (BDI) fell for the fourth consecutive day, reaching its lowest level in a month due to lower Capesize freight rates. The BDI dropped 34 points, or 1.76%, to 1893 points, the lowest since July 15. The Capesize Index fell 164 points, or 5.7%, to 2703 points, the lowest since July 16. Daily profits for Capesize vessels declined by $1360 to $22418. The Panamax Index rose 54 points, or 3.2%, to 1719 points. Daily profits for Panamax vessels increased by $484 to $15469. The Supramax Index rose 17 points, or 1.2%, to 1405 points.
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