Baltic Dry Index Snaps Four-Day Winning Streak

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Credit: Teekay Tankers
The Baltic Dry Index edged lower on Tuesday April 25, snapping four straight days of gains, as the capesize and panamax indexes slipped, reports SMM.

Baltic Dry Index

The Baltic Dry Index edged lower on Tuesday April 25, snapping four straight days of gains, as the capesize and panamax indexes slipped. The Baltic Dry Index fell 7 points, or 0.5%, to 1,510. The capesize index fell 7 points, or 0.4%, to 1,986. Capesize average daily profit fell $55 to $16,471. The panamax index fell 20 points, or 1.2%, to 1,667. Panamax daily profits fell by $185 to $15,001. The Supramax index rose 4 points to a near one-month high of 1,216.

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Source: SMM