The Baltic Dry Index falls from its two-year high

Golden Ten Data Futures, May 8—According to foreign media reports, the Baltic Dry Bulk Freight Index fell on Friday, retreating from the two-year high reached the previous trading day. The Baltic Dry Bulk Freight Index dropped by 56 points, or 1.9%, to 2,978 points, but rose 9.1% for the week. The Capesize vessel freight index fell by 184 points, or 3.6%, to 4,955 points, pulling back from the previous five-month high; average daily earnings for Capesize vessels dropped by $1,669 to $41,438. The Panamax vessel freight index rose by 38 points, or 1.7%, to 2,233 points, reaching the highest level in more than two years; average daily earnings for Panamax vessels increased by $341 to $20,099. The Supramax bulk carrier freight index edged up by 1 point, or 0.1%, to 1,522 points.