[Iron Ore] Main sea freight index at Baltic Exchange rises sharply to 1131 points

UNITED KINGDOM August 03 2015 3:38 PM

LONDON (Scrap Register): The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities rose sharply on Friday lead by weak capesize and panamax rates.

The overall index, which factors in average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, up by 31 points to 1131 points on Friday.

The main sea freight index at Baltic Exchange is the rate which tracks for ships carrying dry bulk commodities.