Main sea freight index at Baltic Exchange fall further to 1337 points
LONDON (Scrap Register):The main sea freight index at Baltic Exchange for ships carrying dry bulk commodities has fell further on Wednesday driven by drop in cape, panamax and supramax rates.
The Baltic Dry Index, which provides an assessment of the price of moving the major raw materials – such as coal, iron ore and grain – by sea by taking in 23 shipping routes, measured on a time charter basis, declined by another 07 points to 1337 points on Wednesday.
The BDI settled Monday at 1,355 points, having gained roughly 500 points over the past two months. The index was last this high in November 2014.