Baltic Dry Bulk Freight Index Declines

Golden Ten Futures, March 6 - According to foreign media reports, the Baltic Dry Index declined as freight rates for all vessel types fell. The Baltic Dry Index dropped by 128 points, or 6%, to 2,010 points. The Capesize Index fell by 320 points, or 10.8%, to 2,631 points. Average daily earnings for Capesize vessels decreased by $2,907 to $20,355. The Panamax Index dropped by 35 points, or 1.8%, to 1,962 points. Average daily earnings for Panamax vessels fell by $314 to $17,656. The Supramax Index declined by 6 points, or 0.4%, to 1,386 points.