Baltic dry index falls 5% on weaker Capesize sentiment and easing chartering activity

The Baltic dry bulk index fell by 5.1% (137 points) d-o-d to 2,557 on 9 Dec, reflecting soft market sentiment, largely driven by a sharp correction in Capesize rates amid lower iron ore demand from China and rising vessel availability.

• Capesize: The BCI dipped 7.6% (382 points) to 4,631.
• Panamax: The BPI dropped 1.5% (27 points) to 1,786.
• Supramax: The BSI down by 0.8% (11 points) to 1,419.