Baltic dry index slides as softer iron ore demand pulls down Capesize rates

The Baltic dry bulk index fell by 3.9% (89 points) d-o-d to 2,205 on 12 Dec, as Capesize rates slid on weaker iron ore chartering and softer Chinese demand. Higher vessel availability and fewer cargo inquiries pressured sentiment. Moreover, Panamax and Supramax rates eased amid slower coal and minor bulk activity.

• Capesize: BCI fell 5.6% (221 points) to 3,706.
• Panamax: BPI decreased 2.1% (36 points) to 1,688.
• Supramax: BSI dropped by 3.4% (16 points) to 1,371.