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 earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, fell by $91 to $12,621.
- The Panamax index was down 2 points, or 0.1%, at 1,427, but gained 10.7% for the month.
- Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, fell $20 to $12,843.
- The supramax index rose by 4 points to 1,022, its highest in over a year. The index firmed 7.7% in November.
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Source: Yahoo Finance
