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The Baltic Exchange main index fell 9 points to 933 on July 28, weighed down by panamax rates, which shed 3.2% to 1,109. The capesize index edged up a point to 1,139.
Lower panamax earnings reflect softer demand for grain and coal cargoes, pointing to slightly lower ocean freight costs for bulk feed ingredients.
marinelink.comJoseph KeefeJul 28, 2017Not 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.
