The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, declined for the fourth session on Wednesday, down 1.6% to its lowest since May 11 at 3,005 points.

The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, decreased by 1.4% to 4,880 points; and the panamax index, which usually carries 60,000 to 70,000 tons of coal or grain, dropped by 3.5% to 2,374 points.

Among smaller vessels, the supramax index edged down by 0.1% to 1,566 points.

Source: Trading Economics