The Baltic Dry Index, which measures dry bulk shipping rates in the Baltic Sea, has fallen, recording its worst monthly performance since April.

On Friday, the Baltic Dry Index saw a slight decline, recording its worst monthly performance since April. The Baltic Dry Index fell by 17 points or 0.9% from the previous trading day to 1966 points, with a cumulative decrease of about 7.9% for the month. The Capesize Index dropped by 16 points, or 0.5%, to 2929 points, marking the largest monthly decline in six months. The average daily earnings of Capesize vessels decreased by $140 to $24288. The Panamax Index slipped by 28 points or 1.5%, marking its fifth consecutive trading day decline at 1821 points, with a 2.5% increase for the month. The average daily earnings of Panamax vessels decreased by $254 to $16389. The Supramax Index fell by 10 points or 0.8% to 1326 points.