# Weaker Demand For Larger Vessels Weighs On Baltic

> 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.

- Date: 2018-08-30 · published 2018-08-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/63733-weaker-demand-for-larger-vessels-weighs-on-baltic
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Weaker demand for large dry bulk vessels reduces ocean freight costs for bulk commodities. Lower freight can ease landed costs for imported feed ingredients.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- marinelink.com: https://www.marinelink.com/news/weaker-demand-larger-vessels-weighs-441068

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.