Weakening bulker markets have pushed the Baltic Dry Index (BDI) to its lowest level since 11 June.

The index, which indicates the overall strength of bulk carrier markets, fell by 295 points to 2,892 on Wednesday, less than a month after hitting a 13-year peak of 5,650 points.

Gloom in the capesize spot market, which accounts for 40% of the BDI's calculation, has weighed heavily on the index.