BDI Hit 9 Months Low since September after 6 Days Fall

On October 25, the Baltic Dry Index (BDI), encumbered by lower capesize shipping freight, fell by 18 points, plunging to a six-week new low of 813, the lowest since September 16. The index measures the freight rate charged for resources like ore, cement, grain, coal and fertilizers, etc.. 
Baltic Capesize Index (BCI) dropped by 123 points and closed at 1,348. The average daily profit of a Capesizes deceased by 734 USD, at 8394 USD. The avearge size of a Capesizes is around 150,000 DWT. A group of analysts from Clarksons Platou, said in a report that lacking activities in Pacific routes, downturn period would endure in Capesizes dry bulk cargo market with future pressure on freight rate.
Baltic Panamax Index (BPI) increased 2 points, at 925. Panamaxes, witnessed a Panamax’s average daily rise of 16 USD in profits, at 7,402 USD. The average size of a Panamax bulker is around 60,000 to 70,000 DWT.
Baltic Supramax Index (BSI) rose by 5 points, at 710; a Supramax’s average daily profit gained 50 USD, at 7,419 USD.
Baltic Handysize Index (BHI) also experienced a rise of 2 points, at 430; a Handysize’s average daily profit gained 24 USD, at 6,245 USD.