Main sea freight index at Baltic Exchange down to 1,436 points

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Main sea freight index at Baltic Exchange down to 1,436 points

Nov 10, 2014 02:20 GMT  Source:Scrap Register

UNITED KINGDOM November 07 2014 6:09 PM

LONDON (Scrap Register): The main sea freight index at Baltic Exchange for bigger vessels dropped on Thursday mainly due to lower earnings for capesize and panamax vessels.

The overall index, which factors in average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, down by 28 points or 2 percent to 1,436 points on Tuesday.

The main sea freight index at Baltic Exchange is the rate which tracks for ships carrying dry bulk commodities.