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The Baltic Freight Index continued to fall downturn in demand due to vessel supply sufficient
Source:Chinese fertilizer   Author:Anxia   Time:2012-08-16   Read:766second  

The Baltic Exchange's main sea dry bulk freight index. The BADI fell due to shipping activities has stagnated and all the ship's freight rates lower. 

Baltic Dry Index fell 22 points, or 2.93 percent, to 728 low since the end of February. The index fallen by about 58 percent this year. 
Baltic Capesize Index. BACI fell 27 points, or 2.35 percent to 1120 points. The capesize checked 150,000 tons of cargo, mainly iron ore and coal, the average daily profit this year, the cumulative decline of nearly 89%. 
"The headlands ship rates dropped slightly higher in mid-July and continued to go down the vessel an adequate supply and weak demand continue to suppress the spot rate of RS Platou Markets is an analyst Herman Hildan said in a report. 
Take horse Baltic Freight Index. BPNI fell 2 points to 801 points. Average daily earnings fell from $ 17 to 6378, the ship usually carrying capacity of 6-7 million tons of main cargo is coal and grain. 
Handymax vessels average daily profit fell 99-7317 U.S. dollars Super Handymax ship daily average profit decline 90-8956 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.
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