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The Baltic Exchange's dry bulk sea freight index, a key indicator for rates on vessels transporting dry goods, ended its three-day ascent on Thursday, retreating by about 1.4% to 2,017 points. This decline was primarily driven by a decrease in capesize rates. The capesize index, which is responsible for moving large quantities of cargo, approximately 150,000 tons, including iron ore and coal, saw a drop of about 3.5%, settling at 2,884 points. In contrast, the panamax index, associated with transporting 60,000-70,000 tons of coal or grain, held steady at 1,874 points, marking its highest point since July 24. Meanwhile, the supramax index increased by nearly 1%, reaching a new high since May 2024 at 1,461 points.
