Baltic index posts worst day in a month as vessel demand wanes
The Baltic Exchange’s dry bulk sea freight index (.BADI) fell for the sixth consecutive session on Thursday to mark its worst day since mid-September, as rates slipped across all vessel segments. The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, fell 55 points, or about 3%, to 1,818. The capesize index (.BACI) fell 105 points, or about 4.8%, to 2,094. Average daily earnings for capesizes (.BATCA), which typically transport 150,000-tonne cargoes such as coal and steel making ingredient iron ore used in construction, fell $876 ...
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