Baltic Dry Index Falls to More Than 7-Week Low

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The Baltic Dry Index fell 2.2% to 2,852, its lowest level since August 21. The Capesize index dropped 4.4%, while the article also notes movements in the Panamax index.

The Baltic Exchange Dry index fell 2.2% to 2,852 on Monday, its lowest level since August 21. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, tumbled 4.4% to 4,148, its lowest level since late July. On the other hand, the panamax index, which usually carries 60,000 to 70,000 tons of ...