The Baltic exchange’s main sea freight index dropped for a fifth consecutive session on Tuesday, as rates for capesize and panamax vessel segments fell. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, fell 61 points, or 2.1%, to 2,795, the lowest since April 23. The capesize …
The post Baltic index extends drop as capesize, panamax rates fall first appeared on Hellenic Shipping News Worldwide.