Baltic Dry Index Slips to Near 1-Week Low

The Baltic Exchange’s dry bulk freight index snapped its three-day winning streak on Monday, dropping by 2.4% to its lowest since October 27 at 2,648 points. Declines were seen across all vessel segments. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, fell by 2.8% to 3,893 points.