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Baltic freight index fell by Panamax ship freight decline dragged down
Source:China Fertilizer   Author:Wan Yun   Time:2012-09-17   Read:789second  
Baltic Exchange Dry Freight Index. BADI fell the Panamax freight continuous setbacks low. 
Baltic Dry Index down 1 point, or 0.15%, to 662 points the index tracking freight costs for commodities such as iron ore, cement, grain, coal and fertilizer. 
Larger ship in the past week, some of the kinetic energy, but the freight rates are still low level of shipping activity seems to have warmed the Arctic Securities analyst Erik Nikolai Stavseth, in a report said. 
The Baltic Panamax ship Freight Index. BPNI the fell 25 points or 4.74% to 502 points. Daily average of less lucrative 201-3987 U.S. dollars. 
Panamax average daily profit this year has been a decline of about 70% and hovering near the lowest since January 2009. Usually the type of ship carrying capacity of 6-7 million tons of main cargo is coal and grain. 
The Baltic's capesize index. BACI up 6 points, or 0.5% to 1204 points. Daily average profit increase to 68-3660 U.S. dollars. Capesize vessels typically checked the amount of 15 million tonnes of cargo, mainly iron ore and coal. 

The average daily profit of Handymax and Supramax vessels increased to $ 6,952 and $ 8,725, respectively. 

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