The Baltic Exchange’s dry bulk sea freight index dropped on Friday, registering its biggest monthly percentage fall since January 2020, dragged down by a decline in rates across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, fell 111 points, or 3.1%, to 3,519, its lowest since …
The post Baltic index logs worst month since Jan. 2020 on waning demand across vessels first appeared on Hellenic Shipping News Worldwide.