Baltic Index broadens losses due to weak demand for big ships

Posted on July 3, 2023   |  

The overall index, which considers rates for Capesize, Panamax, and Supramax shipping vessels hauling dry bulk commodities, fell by 4.1% to 1,183, the biggest drop since June 1.

The Capesize index fell by 6.7%, to 1,937, and average daily revenues for Capesizes, transporting 150,000-tonne cargoes, fell from $1,141 to $16,068.