Main sea freight index at Baltic Exchange continues to drop to 628 points

UNITED KINGDOM November 10 2015 1:45 PM

LONDON (Scrap Register): The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities continued to decline to 628 points on Monday mainly due to a drop in panamax and supramax rates.

The overall index, which factors in average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, down by another 3 points to 628 points on Monday.

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