Muted Vessel Demand Pulls Baltic Index Down By 2.7%

The Baltic Exchange’s main sea freight index declined on Tuesday, reports Yahoo Finance.

The Baltic Exchange’s main sea freight index that tracks rates for ships ferrying dry bulk commodities declined on Tuesday, weighed down by muted demand across vessel segments.

The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was down 59 points, or 2.7%, to 2,103, its weakest since March 16.

Capesize Index

• The capesize index edged down 72 points, or 3.1%,...

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