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Home / Metal News / Main sea freight index at Baltic Exchange advances to above 1,000 points level

Main sea freight index at Baltic Exchange advances to above 1,000 points level

Oct 23, 2014 08:59

Source:SMM

The main sea freight index at Baltic Exchange for bigger vessels advanced to above 1,000 points mainly due to strong activity in both the Atlantic and Pacific basins.

UNITED KINGDOM October 22 2014 3:32 PM

LONDON (Scrap Register): The main sea freight index at Baltic Exchange for bigger vessels advanced to above 1,000 points mainly due to strong activity in both the Atlantic and Pacific basins.

The overall index, which factors in average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, up by 117 points or 12.02 percent to 1090 points on Tuesday.

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

Baltic Exchange

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The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities advanced further to reach above 600 points mark on Tuesday due to the higher rates for smaller vessels.

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Feb 15, 2015 09:29

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Main sea freight index at Baltic Exchange advances to above 1,000 points level

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