Main sea freight index at Baltic Exchange continues to decline to below 640 points

UNITED KINGDOM November 06 2015 2:54 PM

LONDON (Scrap Register): The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities continued to decline to below 650 points on Thursday lead by drop 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 17 points to 640 points on Wednesday.

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