Baltic Exchange Dry Freight Index. BADI Monday extended losses continue to decline due to the capesize freight. 

Baltic Dry index fell 3 points, or 0.42 percent to 711 points. 

"Overall dry bulk market demand is weak and difficult to the ship supply sufficient rates to cover operating costs" RS Platou Markets analyst Frode Morkedal said in a research report. 

Greek shipping companies DryShips Inc (DRYS.O: Quote) quarterly loss last week paints bleak prospects for the dry bulk shipping market. 

Baltic capesize index. BACI fell 8 points, or 0.73% to 1087 points touched the lowest level this year. The capesize usually checked amount is 15 million tonnes of cargo, iron ore and coal. Their average daily earnings falling 96 dollars to close to $ 2,683 in December 2008 hit a historic low of $ 2,316. 

Baltic Capesize Index has slipped about 90% this year. 

Brokers said iron ore accounted for about one-third of the capesize shipping capacity iron ore price trend is still a critical factor affecting the dry bulk freight. 

China steel futures Monday hit a record low because the market is still worried about China's demand for steel dropped to less than 3,600 yuan (570 U.S. dollars) iron ore prices hovered near the lows in the two-and-a-half years. 

The Baltic Panamax freight index. BPNI Monday up 13 points or 1.61% to 819 points. 

But the the Panamax ship daily average profit this year cumulative decline of over 50%. Usually the type of ship carrying capacity of 6-7 million tons of main cargo is coal and grain. 

Handymax date less lucrative 88-7091 U.S. dollars; the Supramax vessels average daily profit fell 40-8758 U.S. dollars.