Baltic Dry Index drops amid subdued cargo inquiries

The Baltic dry index edged lower on 26 Dec against 24 Dec, as subdued year-end cargo inquiries, particularly for coal, iron ore, and grains, coincided with rising vessel availability across basins, prompting owners to trim offers amid cautious chartering sentiment.

• Capesize: BCI declined 0.5% (18 points) to 3,319.
• Panamax: BPI up by 1 point to 1,267.
• Supramax: BSI dropped by 1.5% (18 points) to 1,144.