Baltic Exchange Dry Freight Index fell due to weak the Panamax vessel activity in the Atlantic.
Baltic Dry Index fell 1.44 percent to 752 points the index tracking freight costs for commodities such as iron ore, cement, grain, coal and fertilizer.
Baltic Panamax freight index reducing 122-3399 U.S. dollars in 1998 to its lowest average daily profit fell 3.4% to 461 points. Ship of the type usually carrying amount to 6-7 million tons of main cargo is coal and grain.
The Baltic's capesize index fell 1.21% to 1549 points, the average daily profit decline 212-7292 U.S. dollars. Capesize usual cargo of 15 million tonnes of cargo, iron ore and coal.
Large share of global iron ore transport the capesize shipping activities about one-third. Brokers said iron ore price trend is still an important factor to affect the price of dry bulk transport.
Handymax average daily profit decline 50-6980 U.S. dollars Supramax vessels daily average profit decline in to 35-8822 U.S. dollars.