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Baltic index down as capesize, panamax rates dip

Posted on 07 September 2012

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry commodities, fell for the seventh straight session on Thursday as rates for both capesize and panamax vessels continued to weaken.
The main index, which factors in the average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, fell 9 points or 1.32 percent to 675 points. The overall index, which gauges the cost of shipping commodities such as iron ore, cement, grain, coal and fertiliser, has fallen about 61 percent this year………………………………………..Full Article: Source


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