Firms in Fed’s Beige Book Fret Over Any Lengthy Baltimore Port Closure
(Bloomberg) — The closure of one of the East Coast’s busiest ports after the collapse of Baltimore’s Francis Scott Key Bridge has so far not led to broad price increases,...
* The overall index, which factors in the average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, dipped 12 points or 1.13 percent, to 1,046 points.
* The capesize index lost 32 points, or 1.65 percent, to 1,907 points.
* Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of commodities such as iron ore and coal, slipped $255 to $11,801.
* The panamax index fell 17 points, or 1.68 percent, to 992 points.
* Average daily earnings for panamaxes, which usually carry 60,000 to 70,000 tonne cargoes of coal or grain, dropped $133 to $7,888. (Reporting by Shrutee Sarkar in Bangalore; Editing by Anthony Barker)
(c) 2013 Thomson Reuters, All rights reserved.
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