Loading…
The Baltic Exchange index fell for a sixth straight session on October 2, driven by a twelfth consecutive daily drop in Panamax rates. The composite index slid to 1,803, its lowest since mid-August, while Capesize earnings rose slightly to $24,430 per day.
Falling Panamax earnings, the vessel class that usually carries grain cargoes, point to cheaper ocean freight for grain exports from South America and the Black Sea.
marinelink.comNakul IyerOct 2, 2019Not 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.
