The Baltic exchange’s main sea freight index dropped from an 11-year peak on Thursday, breaking its 15-session winning steak, weighed down by lower rates for the larger capesize segment. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, fell 54 points, or 1.7%, to 3,212. The index …
The post Baltic index snaps 15-session winning run as capesizes drop first appeared on Hellenic Shipping News Worldwide.