The decline is mainly due to a reduction in the throughput of agribulk, coal, other liquid bulk and breakbulk.
The Baltic Exchange provides an update on the Dry Bulk markets for Week 19.
“The Iran war and the resulting disruptions to ship transits through the Strait of Hormuz have increased uncertainty for both the global economy and the dry bulk market" says Filipe Gouveia, Shipping Analysis Manager at BIMCO.