The Baltic Exchange’s dry bulk shipping index, which monitors prices for ships carrying dry bulk goods, fell for a second session on Tuesday, falling 1.1% to a nearly three-week low of 1,995 points.
The cargo volume index, which typically transports 150,000 tons of cargo including iron ore and coal, also fell for a second day, falling 1.9% to its lowest level in almost a week at 2,947 points. The Supramax index fell one point, or 0.1%, to 1,202 points.
Conversely, the Panamax index, which usually carries between 60,000 and 70,000 tons of coal or grain, rose 0.1% to 1,744 points.
The benchmark index recorded a 12.2% decline in March, the first month of losses this year.
Source: Trade Economics
