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Home / Metal News / Main sea freight index at Baltic Exchange plummets to below 850 points

Main sea freight index at Baltic Exchange plummets to below 850 points

Sep 11, 2015 19:41

Source:SMM

The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities plummeted to below 850 points on Thursday mainly due to weak capesize, panamax and supramax rates.

UNITED KINGDOM September 11 2015 4:35 PM

LONDON (Scrap Register): The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities plummeted to below 850 points on Thursday mainly due to weak capesize, 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 25 points to 830 points on Thursday.

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

main sea freight index at Baltic Exchange

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The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities shot up 38 points a day on Wednesday finally broke 900 points for the first time since the end of October 2015.

Sep 23, 2016 09:28

SMM Comments

Main sea freight index at Baltic Exchange continues to drop to 604 points

The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities continued to drop on Wednesday mainly due to weaker demand for smaller vessels and panamaxes.

Jun 16, 2016 19:44

Industry

Main sea freight index at Baltic Exchange continues to rise to 414 points

The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities continued to rise to 414 points on Wednesday boosted by higher cape, supramax and panamax rates.

Apr 1, 2016 09:23

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Main sea freight index at Baltic Exchange plummets to below 850 points

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

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