
Baltic Dry Index Down for Eleventh Straight Session
May 3 (Reuters)– The Baltic Exchange’s primary sea products index, monitoring prices for ships bring completely dry mass products, succumbed to a l lth straight session on Wednesday as prices throughout vessels sections compromised.
The general index, which consider prices for capesize, panamax, supramax as well as handysize delivery vessels, was down 39 factors, or 3.63 percent, at 1,034 factors, its least expensive in virtually 2 months.
The capesize index dropped 126 factors, or 7.55 percent, to 1,542 factors.
Average day-to-day profits for capesizes, which normally transfer 150,000-tonne freights such as iron ore as well as coal, were down $758 to $11,840.
The panamax index likewise succumbed to a tenth straight session as well as was down 44 factors, or 3.86 percent, to shut at 1,096 factors.
Average day-to-day profits for panamaxes, which normally lug coal or grain freights of concerning 60,000 to 70,000 tonnes, lowered $356 to $8,806.
Among smaller sized vessels, the supramax index dropped 14 indicate 835 factors, while the handysize index dropped 10 indicate 540 factors. (Reporting by Nithin Prasad in Bengaluru; Editing by Shounak Dasgupta)