Baltic index falls to over 6-month low as vessel rates drop

The Baltic Exchange’s main sea freight index continued its losing streak on Monday, falling to its lowest in more than six months as demand across vessel segments dropped.

The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, fell 20 points, or 1.8%, to 1,103, its lowest since June 17.

The main index was down for a fourteenth-straight session.

The capesize index dipped…

View entirety: Reuters