The Baltic Exchange’s dry bulk sea freight index, tracking shipping rates for various vessel sizes carrying commodities, declined for the second consecutive session, reports XM.
- Baltic Exchange’s dry bulk sea freight index, tracking ship rates for dry bulk goods, fell for the second straight session, dropping 1.1% to 2,411.
- Capesize index slipped 0.7% to 4,276, with average daily earnings decreasing to $35,463.
- Panamax index hit a mid-November low, down 2% to 1,915, with daily earnings at $17,231 for these vessels.
- Fearnleys noted surplus vessels in the North Atlantic softened the market, favoring charterers, while the South Atlantic saw increased demand and higher rates.
- The supramax index hit a two-week low at 1,442, down 1.4%
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Source: XM
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