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Main sea freight index at Baltic Exchange slips to 610 points

iconJun 14, 2016 10:40
Source:SMM
The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities slipped on Friday due to lower cape, panamax and supramax indexes.

UNITED KINGDOM June 13 2016 3:42 PM     

LONDON (Scrap Register): The main  sea freight index at Baltic Exchange for ships carrying dry bulk commodities  slipped on Friday due to lower cape, panamax and supramax indexes.

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, down by 1 points to 610 points  on Friday.

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

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