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The Baltic Exchange's main sea freight index edged up 5 points to 1,489 on March 24 but fell about 3% over the week, its first weekly decline in five. The Capesize index rose slightly while the Panamax index fell 8.8% for the week.
A weekly decline in the Panamax segment, which carries grain cargoes, slightly eases ocean freight costs for grain and feed shipments. The move is small and routine.
gcaptain.comReutersMar 24, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
