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

Published: Sep 11, 2015 19:41

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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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