Baltic index slips below 2,000 point level

The Baltic Exchange’s main sea freight index .BADI, which tracks rates to ship dry commodities, fell below the 2,000 point level on Friday with slower activity on smaller panamaxes weighing on sentiment.
The index, which gauges the cost of shipping commodities including iron ore, cement, grain, coal and fertiliser, fell 1.43 percent, or 29 points, to 1,999 points in a ninth successive drop and was at its lowest since Aug. 5 when it last fell below 2,000 points.
[Read More]
Source:Reuters