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Home / Metal News / Main sea freight index at Baltic Exchange drops significantly to 1,239 points

Main sea freight index at Baltic Exchange drops significantly to 1,239 points

Dec 1, 2014 10:30

Source:SMM

The main sea freight index at Baltic Exchange for bigger vessels dropped significantly on Wednesday due to a big drop in capesize vessel rates.

UNITED KINGDOM November 28 2014 3:43 PM

LONDON (Scrap Register): The main sea freight index at Baltic Exchange for bigger vessels dropped significantly on Wednesday due to a big drop in capesize vessel rates.

The overall index, which factors in average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, down by 74 points to 1,239 points on Wednesday.

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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Main sea freight index at Baltic Exchange drops significantly to 1,239 points

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