Baltic sea freight index logs second straight weekly fall
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a second straight week on Friday, dragged down by declines across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 26 points, or nearly 1.2 %, at 2,214 points. The index posted a weekly fall of about 5%. The capesize index lost 53 points, or 2.2%, at 2,381 points, down about 0.6% for the week. Average daily earnings for capesizes, which typically ...
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