Baltic index hits lowest in over five weeks as vessel rates dip

The Baltic Exchange’s dry bulk sea freight index hit its lowest in over five weeks on Thursday, dragged down by declining rates across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 67 points, or 3.2%, to 2,061 points. The capesize index fell 73 points, or …

The post Baltic index hits lowest in over five weeks as vessel rates dip first appeared on Hellenic Shipping News Worldwide.

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