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Baltic freight index lower, Channel type and Panamax freight rates continued to fall
Source:China Fertilizer   Time:2012-08-14   Read:996second  
The Baltic Exchange Dry Freight Index. The BADI fell Monday due to the downturn in shipping activities continue to pull down the panamax and capesize index. 
Baltic Dry Freight Index fell 10 points, or 1.29 percent to 764 points. 
"Weak shipping demand coupled with to inquire lower vessel oversupply dry bulk cargo under great pressure." RS Platou Markets is an analyst Rahul Kapoor, said in a report to clients. 
The Baltic Panamax freight index. BPNI fell 10 points, or 1.23 percent to 804 points so far this year, its profits accumulated fallen by more than 51%. The ship usually carrying capacity of 6-7 million tons of main cargo of coal and grain. 
The Baltic Capesize index. BACI fell 11 points, or 0.94 percent to 1158 points. The capesize checked 150,000 tons of cargo, mainly iron ore and coal. 
Iron ore accounted for about one-third of the global capesize vessel shipping activities while the Chinese iron ore imports in the past five months, the monthly decline due to China's economy cooling lead to processing plants and steel mills to reduce output. 
Handymax ship daily average profit decline 116-7583 U.S. dollars; Ultra-Handymax ship daily average profit decline 94-9170 U.S. dollars. 
Vessels supply the rate of increase has been more than commodity demand is generally expected in the next few months, the factors that will continue to suppress the dry bulk freight cargo. 

The overall Baltic dry bulk freight index has fallen by about 56 percent this year. 

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