Baltic index falls for sixth straight session on softer capesize rates
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, extended its losing streak to a sixth straight session on Friday, dragged down by declining rates for capesize shipping vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 26 points, or 1.4%, to 1,808, hitting its lowest level in nearly two months. The index dropped 3.6% for the week. The capesize index fell 82 points, or 3%, to 2,614, its lowest level since late May. Average daily ...
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