Main sea freight index at Baltic Exchange declines further and stay below 450 points

Published: Jan 12, 2016 17:32

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The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities declined further and continued to stay below 450 points on Monday due to lower cape.

UNITED STATES January 12 2016 1:40 PM

LONDON (Scrap Register): The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities declined further and continued to stay below 450 points on Monday due to lower cape, panamax and supramax rates.

The overall index, which factors in average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, declined sharply by another 14 points to 415 points on Monday.

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

The main sea freight index at Baltic Exchange

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