Baltic index falls, capesizes mark worst month in 2 years

Date: Feb 1, 2018
The Baltic Exchange’s main sea freight index fell on Wednesday as rates fell across vessel segments with the capesize index recording its biggest monthly percentage decline in two years.

The overall index, which tracks rates for ships carrying dry bulk commodities, was down 39 points, or 3.27 percent, at 1,152 points.
This represented its biggest daily percentage fall since Jan. 17.
Baltic index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, lost more than 15 percent this month, its biggest monthly percentage decline since May last year.

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