Baltic dry index falls 1.2% as weak demand pulls down freight rates

The Baltic dry bulk index dipped by 1.2% (33 points) to 2,694 on 8 Dec compared to 5 Dec, indicating softer cargo demand and increased vessel availability, resulting in weaker freight rates across Capesize, Panamax, and Supramax segments amid muted global trade activity.

• Capesize: The BCI declined 1.4% (70 points) to 5,013.
• Panamax: The BPI fell 1.3% (24 points) to 1,813.
• Supramax: The BSI decreased by 0.4% (6 points) to 1,430.