Baltic dry index weakens on slower cargo demand, rising vessel availability
The Baltic dry bulk index fell 2.2% (44 points) to 1,979 on 22 Dec against 20 Dec. The index declined as Panamax and Supramax segments faced softer coal and grain inquiries, while increased vessel availability pressured spot rates. Capesize rates also eased on slower iron ore fixing and cautious chartering activity.
- Capesize: BCI dipped 1.8% (65 points) to 3,559.
- Panamax: BPI dropped by 3.1% (41 points) to 1,282.
- Supramax: BSI fell by 2.4% (29 points) to 1,193.
