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Home / Metal News / Main sea freight index at Baltic Exchange at new record low as weak sentiment bites

Main sea freight index at Baltic Exchange at new record low as weak sentiment bites

Feb 15, 2015 09:29

Source:SMM

The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities slumped to a new record low on Thursday as slowing activity, especially from China, took its toll.

UNITED KINGDOM February 13 2015 4:08 PM

LONDON (Scrap Register): The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities slumped to a new record low on Thursday as slowing activity, especially from China, took its toll.

The overall index, which factors in average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, down by 13 points to 540 points, , marking an all-time low for which Baltic data is available that dates back to January 1985.

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

main sea freight index

Baltic Exchange

BDI

baltic dry index

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