The Baltic Exchange’s main sea freight index fell to a one-week low on Wednesday as rates dropped across all vessel segments.
The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, slipped by 10 points, or 0.8%, to 1,201, its lowest since Nov. 25.
The capesize index edged down 1 point to a one-week trough of 1,486.
Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were down by $10 to $12,322.
The panamax index fell 31 points, or 2.2%, to 1,379, its lowest since Nov. 20.
Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, declined $286 to $12,407.
The supramax index dipped by 1 point to 1,019.
Source: Reuters (Reporting by Bharat Gautam in Bengaluru; Editing by Aditya Soni)
