The Baltic Dry Bulk Freight Index dropped to a 15-month low on Wednesday due to a decline in capesize vessel freight rates. The index fell by 57 points, or 4.61%, to 1180 points, marking the lowest level since September 2023. The capesize index fell by 183 points to 1609 points, reaching its lowest level since September 15, 2023. The average daily earnings for capesize vessels decreased by $1518 to $13345. The panamax index increased by 9 points to 1014 points, ending a 13-day decline, but this index remains at its lowest level in 16 months. The average daily earnings for panamax vessels rose by $82 to $9124. The supramax index rose by 3 points to 982 points. The handy index dropped by 2 points from the previous day, standing at 651 points.