What happened Easy come, easy go. Just one day after Castor Maritime (NASDAQ: CTRM) shares surged in response to the company finally reporting a profit (after four straight quarters of trying), gravity reasserted its hold. And Castor Maritime stock is down again today -- 9.8% as of 3:45 p.m. EDT. Image source: Getty Images. So what So what's ailing Castor Maritime this time? In three words: the Baltic Dry Index (BDI). As a shipper of dry bulk cargo, Castor Maritime's fortunes are intimately tied to the movements of the BDI, which tracks the rates that dry bulk shipping companies can charge for hauling dry bulk goods such as coal, iron pellets, and grain. But after surging through most of this year, the BDI recently took a turn for the worse. Indeed, since hitting its peak on May 5, the index has tumbled 24.3% in just under one month, closing at 2,472 last night. Now what So what does this mean for Castor Maritime? Basically, the same BDI that reflected Castor Maritime's ability to charge enough for its services to earn a profit last quarter is now forecasting weaker pricing that may threaten Castor Maritime's ability to earn a profit this quarter. Investors are spooked by the prospect -- and perhaps rightly so. Until the BDI turns higher again, you can expect to see Castor Maritime stock continue moving lower. 10 stocks we like better than Castor Maritime Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Castor Maritime Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of May 11, 2021 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source