The Baltic Exchange’s main sea freight index, which tracks rates for capesize, panamax and supramax vessels, fell on Wednesday, pulled down by decreasing rates of capesize vessels. The Baltic index fell 29 points, or 2.1%, to 1,384. The capesize index slipped 88 points, or 3.9%, to 2,156. Average daily earnings for capesizes, which typically transport …
The post Baltic index retreats on lower capesize rates first appeared on Hellenic Shipping News Worldwide.