The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, dropped for a 14th straight session on Friday, driven mainly by falling capesize rates.
* The overall index, which factors in the average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, fell 27 points, or 2.62 percent, to 1,002.
* The Baltic's capesize index fell 76 points, or 4.08 percent, to 1,789 points.
* Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were down $721 $11,042. Capesize rates have fallen about 32 percent this week.
* The panamax index fell 5 points, or 0.64 percent, to 782 points.
* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of 60,000 to 70,000 tonnes, were down $34 to $6,312. Panamax rates have fallen about 4 percent this week.
* The overall index, which factors in the average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, fell 27 points, or 2.62 percent, to 1,002.
* The Baltic's capesize index fell 76 points, or 4.08 percent, to 1,789 points.
* Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were down $721 $11,042. Capesize rates have fallen about 32 percent this week.
* The panamax index fell 5 points, or 0.64 percent, to 782 points.
* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of 60,000 to 70,000 tonnes, were down $34 to $6,312. Panamax rates have fallen about 4 percent this week.