The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, slid on Friday and snapped five straight weekly gains on weakening vessel demand. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 34 points, or 1.1%, to 3,039. The index retreated 7.9% this …
The post Baltic index posts first weekly fall in six on weak demand first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John
https://www.hellenicshippingnews.com/baltic-index-posts-first-weekly-fall-in-six-on-weak-demand/