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Home / Metal News / Main sea freight index at Baltic Exchange plummets further to stay below 600 points

Main sea freight index at Baltic Exchange plummets further to stay below 600 points

iconNov 16, 2015 17:03
Source:SMM
The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities plummeted further to stay below 600 points on Friday.

UNITED KINGDOM November 16 2015 12:35 PM

LONDON (Scrap Register): The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities plummeted further to stay below 600 points on Friday due to a sharp decline in 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 19 points to 560 points on Friday.

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

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