Energy Markets
Baltic index down for 4th day as larger vessel rates dip
The Baltic Exchange's main sea freight index, tracking rates for ships bring dry bulk products, succumbed to the fourth consecutive session on Thursday, pressed by lower rates for the larger vessel sectors. * The total index, which consider rates for capesize, panamax and supramax shipping vessels, fell by 31 points, or 1.8%, to 1,743 points. * The capesize index shed 115 points, or 4.9%, to 2,230, marking it least expensive level considering that April 10. * Average daily revenues for capesize vessels, which typically transports 150,000-ton freights such as iron ore and coal, decreased by $950 to $18,495. * The...