Ports and Shipping - WORLDWIDE SHIPPING INDUSTRY - Baltic index falls for tenth straight session.
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, slipped for the tenth successive time on Wednesday as rates across the capesize and panamax categories declined. The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 17 points, or 0.7 percent, to 2,266 points. The capesize index was down 62 points, or 1.4 percent, to 4,394 points. Average daily earnings for capesizes, which typically transport...
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