The Baltic Exchange’s dry bulk sea freight index fell to its lowest level in a year on Wednesday, pressured by lower rates across all vessel segments The overall index, which factors in rates for capesize, panamax and supramax vessels, slipped 47 points, or 3.5%, to 1,296, its lowest since mid-January 2021. The capesize index dropped …
The post Weaker demand for vessels drag Baltic index to one-year low first appeared on Hellenic Shipping News Worldwide.