The Baltic Exchange’s dry bulk sea freight index edged higher on Monday, but registered its biggest monthly percentage decline in two years as seasonal weakness coupled with lower iron ore shipments from Australia weighed on vessel demand. The overall index, which factors in rates for capesize, panamax and supramax vessels, rose 37 points, or 2.7%, …
The post Baltic index logs worst month since January 2020 first appeared on Hellenic Shipping News Worldwide.