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The Baltic Exchange's main sea freight index rose about 0.2 percent to 1,390 points on June 12, supported by higher panamax and supramax rates. Capesize rates fell 1.1 percent, with average daily earnings down $145 to $17,095.
Panamax vessels carry grain and coal, so firmer panamax rates raise the cost of moving feed grains and can widen FOB-to-CIF spreads for feed buyers. The movement is small, so the price effect is minor.
marinelink.comJun 12, 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.
