Home / Metal News /  / Main sea freight index at Baltic Exchange stays above 400 points
Main sea freight index at Baltic Exchange stays above 400 points
Mar 29,2016 09:00CST
industry news
Source:SMM
The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities continued to advance and stay above 400 points mark on Wednesday.

UNITED KINGDOM March 28 2016 4:08 PM     

LONDON (Scrap Register): The main sea freight index at  Baltic Exchange for ships carrying dry bulk commodities continued to advance and  stay above 400 points mark on Wednesday due to the higher cape, supramax and  panamax rates.

The Baltic Dry Index, which provides an assessment of the  price of moving the major raw materials – such as coal, iron ore and grain – by  sea by taking in 23 shipping routes measured on a time charter basis, up further  by 5 points to 408 points on Wednesday.

The index fell almost every day  in 2016 until February 11, when it set a record low of 290. Since then, the  index has made a solid recovery but now that appears to be losing steam.  

The index is based on a daily survey of agents all over the world.  Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The  lowest level ever reached was on February 10 2016, when the index plummeted to  290 points.


The main sea freight index at Baltic Exchange

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news