Baltic dry index falls to one-month low

The Baltic Exchange's main sea freight index, a benchmark for global dry bulk shipping rates, extended its losing streak to eight consecutive sessions on Tuesday, tumbling to its lowest level in over a month as weakness spread across the larger vessel segments.

The overall index, which comprises rates for Capesize, Panamax and Supramax vessels, fell 98 points, or 3.4%, from the previous session to settle at 2,818 points on June 9, marking the index's lowest reading since May 5, when it stood at 2,832 points. The sustained decline over the past week