The Baltic Dry Index has fallen to a 19-month low

The Baltic Dry index hit its lowest level in more than 19 months on Monday as rates fell across all ship types. The Baltic Dry index fell 30 points, or 3.04 percent, to 957, its lowest level since June 2023. The Capesize index fell 66 points, or 4.74 percent, to a two-week low of 1,327. Capesize profits fell $547 a day to $11,008. The Panamax index fell 4 points to 893, its lowest since February 2023. Panamax profits fell $34 a day to $8,036. The super handy bulk index fell 20 points to 727.