The Baltic Dry Index has fallen, as the freight rates for Cape-size and Panamax vessels have decreased.

The Baltic Dry Index fell on Tuesday, driven by a decline in rates for Capesize and Panamax vessels. The Baltic Dry Index dropped 15 points, or 1.06%, to 1406 points. Capesize rates fell by 42 points to 2037 points, with average daily earnings decreasing by $344 to $16897. Panamax rates fell by 8 points to 1360 points, with average daily earnings decreasing by $72 to $12238. The Supramax Index rose by 2 points to 957 points.