The Baltic Exchange's dry bulk index, which monitors the cost of shipping dry commodities, continued its downward trend for the sixth straight session on Thursday, declining by 5.6% to reach its lowest level since November 21, settling at 2,294 points. This ongoing drop is attributed to the subdued seasonal demand. Furthermore, the capesize index, responsible for 150,000-ton cargoes such as iron ore and coal, also fell for the sixth consecutive day, dropping significantly by 8.3% to a two-week low of 3,927 points. Similarly, the panamax index, which handles 60,000-70,000 tons of coal or grain, decreased for the 11th consecutive day, declining by 2.3% to its lowest point since October 8, reaching 1,724 points. Among the smaller vessel classes, the supramax index fell by 18 points to 1,387.
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