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The Baltic Exchange main sea freight index fell 2.8% to 1,614 points on August 30, 2018, its sixth straight session of declines. Capesize shed 5.6% to 2,826 points, its largest daily percentage fall since July 10.
Panamax fell 1.9% to 1,608 points, and supramax rose slightly.
Weaker demand for large dry bulk vessels reduces ocean freight costs for bulk commodities. Lower freight can ease landed costs for imported feed ingredients.
marinelink.comJoseph KeefeAug 30, 2018Not 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.
