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Baltic index rise on higher capesize rates

Posted on 28 August 2012

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry commodities, rose on Monday, as higher capesize rates offset the softer panamax rates.
The overall index, which gauges the cost of shipping commodities such as iron ore, cement, grain, coal and fertilizer, rose 2 points or 0.28 percent to 717 points. The main index, which factors in the average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, has fallen about 59 percent this year………………………………………..Full Article: Source


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