The Baltic exchange’s main sea freight index fell to a near two-week low on Thursday pressured by a decline in capesize and panamax vessel rates. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, fell 62 points, or 2%, to 3,077, the lowest since April 30. The …
The post Baltic Index Hits Near 2-Week Low On Capesize, Panamax Weakness first appeared on Hellenic Shipping News Worldwide.