Baltic index slides
Published by Joseph Green,
Editor
World Cement,
According to a report by Reuters, on 14 January the Baltic Exchange's main sea freight index reached a record low for the eighth straight session, damaged by weaker global demand.
The overall index, which gauges the cost of shipping dry bulk cargoes including cement was down 11 points, or 2.79%, at 383 points.
The index has dropped by approximately 20% this year and on 13 January fell below 400 points for the first time on record.
The capesize, panamax and handysize indices also touched record lows on 14 January.
Edited from source by Joseph Green. Source: Reuters
Read the article online at: https://www.worldcement.com/the-americas/15012016/baltic-index-slides-325/
You might also like
The World Cement Podcast - Understanding AI in Cement
The World Cement Podcast welcomes Scott Ziegler, CEO of CemAI to explore the role of AI in the cement industry, how to keep staff engaged with the transition, and the importance of cybersecurity.
Tune in to the World Cement Podcast on your favourite podcast app today.
