The Baltic Dry Index fell due to lower Capesize freight rates.

The Baltic Dry Index fell, ending a two-day rising trend, as the Cape size freight rates fell, putting pressure on the market. The Baltic Dry Index dropped 41 points, or 3%, to 1347 points. The Cape size vessel rate index fell by 130 points, or 6%, to 1888 points. The daily earnings of Cape size vessels dropped by $1080 to $15656. The Panamax vessel rate index slightly rose by 3 points, or 0.2%, to 1293 points. The daily earnings of Panamax vessels increased by $27 to $11635. The Supramax bulk carrier rate index rose by 2 points to 980 points. The Handysize vessel rate index increased by 2 points to 556 points.