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The Baltic Dry Index fell 2% to 1,762 on July 30, its lowest level since May 1, after declines across capesize, panamax and supramax vessels. Capesize rates fell for an eighth straight session.
Lower dry bulk rates signal weaker freight demand and reduce the cost of moving grain and oilseeds by sea, though the move is a routine index decline.
marinelink.comJul 31, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
