Baltic’s Sea Freight Index Enters Second Straight Month Of Declines

Capt. John

The Baltic Exchange’s main sea freight index edged lower on Monday, marking its second straight month of declines, as rates fell for the Capesize vessel segment, reports Yahoo Finance.

Highlights

* The Baltic dry index, which tracks rates for Capesize, Panamax, and supramax vessels, was down by 3 points, or 0.2%, at 1,227, snapping a nine-session rally. The index lost 4.4% this month.

* The Capesize index dropped 11 points, or 0.7%, to 1,522. It declined by 18.8% in November.

* Average daily...

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