The Baltic Exchange's primary sea freight index, which tracks rates for ships bring dry bulk commodities, slipped to its most affordable level in practically a month on Tuesday, weighed down by lower rates throughout all sections.

* The general index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 13 points, or 0.72%, to 1,784, its most affordable level considering that May 2.

* The capesize index lost 5 points, or 0.19%, to 2,608.

* Average day-to-day incomes for capesize vessels, which usually carry 150,000-ton freights of iron ore and coal, to name a few, reduced $41 to $21,633.

* The dry bulk market saw a 74% decrease in transits and a. 25% drop in cargo volume from January to April 2024, due to. Panama Canal's day-to-day transit limitations. Sailing distances on. impacted paths increased by 31%, causing a slight 1% drop in. tonne mile need, BIMCO's shipping analyst Filipe Gouveia. wrote in a note.

* Iron ore futures rates was up to their most affordable level in a. week, reversing earlier gains in the session due to financier. caution amidst subdued steel need in China, regardless of current. property stimulus procedures.

* The panamax index was down 23 points, or about. 1.26%, at 1,801, marking its least expensive level considering that April 16.

* Average day-to-day earnings for panamax vessels, which. generally bring about 60,000-70,000 lots of coal or grain cargo,. fell $203 to $16,213.

* Amongst smaller sized vessels, the supramax index eased. for the tenth successive session by 17 points, or 1.28%, to. 1,309, marking its least expensive level given that April 15.

* On the other hand, Yemen's Iran-backed Houthis stated on Monday they. introduced attacks on three ships in the Indian Ocean and the Red. Sea and 2 U.S. destroyers in the Red Sea.