Baltic index dips on lower vessel rates

The Baltic Exchange’s main sea freight index weakened on Tuesday as rates dropped across all vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, slipped by 16 points, or 1.3%, to 1,211. The capesize index lost 35 points, or 2.3%, to 1,487. Average daily earnings for capesizes, which typically …

The post Baltic index dips on lower vessel rates first appeared on Hellenic Shipping News Worldwide.

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