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Baltic sea freight index down on weak vessel rates

Posted on 30 April 2015

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Wednesday on lower vessel rates. The overall index, which factors in average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, fell six points to 595 points.
The capesize index was up seven points at 558 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, fell $81 to $4,515………………………………………..Full Article: Source


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