Baltic Exchange Dry Index (BDI) fell for the tenth trading day on Monday, continued to decline due to shipping. 

Dry bulk freight index fell 19 points, or 1.58 percent, to 1,186 points. The index measures the cost of transport of iron ore, cement, grain, coal and fertilizer and other resources. 

The Baltic's capesize index fell 13 points, or 0.56 percent, to 2293 points. Average daily earnings down $ 241, to $ 16,210. Typically this type of ship carrying capacity of 15 tons, carrying cargo such as iron ore or coal. 

Baltic panamax index fell 10 points, or 1.22 percent, at 812 points. 

Panamax average daily earnings dropped $ 83 to $ 6,548. Average daily earnings down $ 114 to $ 6,631. Freight plunged 13 percent this week. Typically this type of ship carrying capacity of 6-7 million tons.