The Baltic Exchange's main sea freight index, encompassing capesize, panamax, and supramax vessels, declined 0.2% to 1,817, ending a seven-session winning streak. Capesize rates led the downturn, dropping 2%, with average daily earnings falling to $22,447. In contrast, panamax rates rose 2.2%, reaching $17,235 in average daily earnings. The supramax index increased 1% to 1,217, its highest since October 26. Iron ore futures rebounded, supported by easing risk-off sentiment and concerns over supply disruptions.

CREDIT: GOOGLE