empty
 
 

10.03.202614:08:18UTC+00Baltic Dry Index Slips to 1-Month Low

The Baltic Exchange’s dry bulk index, which tracks freight rates for ships transporting dry commodities, fell about 7.1% on Tuesday to 1,919 points, its lowest level since February 10, after having risen nearly 3% the previous day. Persistent disruptions in the Strait of Hormuz continued to weigh on shipping activity and dampen freight demand.

The capesize index, reflecting rates for vessels that typically carry 150,000-ton cargoes such as iron ore and coal, tumbled 11.8% to 2,502 points. The panamax index, which covers ships that usually transport 60,000 to 70,000 tons of coal or grain, extended its decline, slipping 2.7% to 1,861 points. Among smaller vessel segments, the supramax index fell 2.3% to 1,342 points.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback