The Baltic Dry Index has dropped due to a decrease in Cape-size freight rates.

The Baltic Dry Index for dry bulk shipping in the Baltic Sea slightly declined, due to a decrease in Capesize freight rates. The Baltic Dry Index fell by 7 points, or 0.5%, to 1340 points. The Capesize freight index dropped by 25 points or 1%, to 1863 points. The daily earnings for Capesize ships decreased by $202, to $15454. The Panamax freight index increased by 1 point or 0.1%, to 1294 points. The daily earnings for Panamax ships rose by $11, to $11646. The Supramax freight index increased by 2 points, to 982 points. The Handy size freight index rose by 4 points, to 560 points.