Main sea freight index at Baltic Exchange drops to below 550 points

Published: Dec 10, 2015 16:43

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The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities dropped to below 550 points mark on Wednesday.

UNITED KINGDOM December 10 2015 1:35 PM

LONDON (Scrap Register): The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities dropped to below 550 points mark on Wednesday mainly due to lower 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 5 points to 546 points on Wednesday.

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

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