The Baltic Dry Index (BDI) slipped into a second consecutive monthly decline as
capesize and panamax freight rates weakened. The BDI edged up 2 points (0.08%)
to 2,714 on the prior trading day — its highest since Oct. 13 — but is down more
than 12% for the month. The capesize index (BCI) rose 36 points (0.88%) to
4,126, its strongest since Oct. 12, yet is about 16% lower month-on-month;
capesize daily earnings rose $325 to $33,917. The panamax index (BPI) fell 32
points (1.67%) to 1,889, a low since Apr. 13, and is down roughly 20.76%
month-on-month; panamax daily earnings fell $290 to $16,999. The supramax index
(BSI) dropped 5 points (0.27%) to 1,865, the lowest since Oct. 15, but is on
track for a third consecutive monthly gain of about 3.8%. The handysize index
(BHSI) eased 1 point to 1,014.
