The Baltic Exchange’s main sea freight index that tracks rates for ships carrying dry bulk commodities, fell for a ninth consecutive session on Monday, reports Reuters.
What is the reason?Baltic index slips for 9th session driven by lower rates for capesize and panamax vessels.
The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 68 points, or 4.6%, at 1,409 points, its lowest since Sept. 22.
Capesize index
- The capesize index shed 187...