Baltic index down for second week as capesize rates slip

The Baltic Exchange’s main sea freight index fell for a second straight week, despite recovering slightly on Friday, as rates for the larger capesize vessel segment weakened. The Baltic dry index, tracking rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 6 points, or 0.5%, to 1,333. The index fell about 8.2% …

The post Baltic index down for second week as capesize rates slip first appeared on Hellenic Shipping News Worldwide.

Share This:

Leave a Reply

Your email address will not be published. Required fields are marked *