Main sea freight index at Baltic Exchange continues to drop to 887 points-Shanghai Metals Market

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Main sea freight index at Baltic Exchange continues to drop to 887 points

Industry News 06:11:42PM Dec 12, 2014 Source:SMM

UNITED KINGDOM December 12 2014 3:33 PM

LONDON (Scrap Register): The main sea freight index at Baltic Exchange for bigger vessels continued to drop on Tuesday due to weaker rates for bigger shipping vessels.

The overall index, which factors in average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, down by 24 points to 887 points on Tuesday.

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

Key Words:  Baltic Exchange 

Main sea freight index at Baltic Exchange continues to drop to 887 points

Industry News 06:11:42PM Dec 12, 2014 Source:SMM

UNITED KINGDOM December 12 2014 3:33 PM

LONDON (Scrap Register): The main sea freight index at Baltic Exchange for bigger vessels continued to drop on Tuesday due to weaker rates for bigger shipping vessels.

The overall index, which factors in average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, down by 24 points to 887 points on Tuesday.

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

Key Words:  Baltic Exchange