Baltic Exchange dry bulk freight index fell Monday, down by the cape type and Panama type freight ship.
Dry bulk freight index fell 17 points, or 1.08% to 1564 points. The index is a measure of iron ore, cement, grain, coal and fertilizer resources in transportation costs.
Baltic Capesize Index fell 8 points, or 0.32%, to 2506 points. The average profit fell 487 to $19275. The ship is usually the carrying capacity of 150000 tons, carrying such as iron ore or coal and other goods.
The Baltic Sea Panama ship freight index fell 23 points, or 1.47% to 1542 points, the lowest since September 23rd. The average profit fell 180 to $12323. The ship is carrying capacity of 6-7 million tons.
"Dry bulk market following the recent volatility seems to calm down. Capesize freight ship the recent volatility, but seems to have been in the vicinity of about 19000 to the daily $20000 level stabilized, "GHSSecurities analyst OmarNokta said in a report Monday.
"At the same time, along with the USA grain export season ended, Panama ship market recently lost some momentum."