Tag: baltic index
-
Baltic dry index edges down as weak cargo demand weighs on freight rates
The Baltic dry bulk index dropped by 0.5% (12 points) to 2,193 on 15 Dec against 12 Dec. The index slipped as weaker Panamax and Supramax rates offset a modest Capesize gain, driven by reduced coal and grain fixing, limited minor bulk enquiries, and rising tonnage availability amid a seasonal year-end slowdown. Capesize: BCI rose…