According to London on October 28 news, Baltic trade shipping exchange dry bulk freight rate index on Thursday, because the decline earlier this week, due to the freight 1.47 lose momentum slowed activities.

The Baltic sea dry bulk freight rate index on Thursday 2.77% or decline 77 points, to 2,707 point, after consecutive 4 price rise. The index measures the iron ore, cement, grain, coal and chemical fertilizer resources such as transportation costs.

Brokers said, the Atlantic ocean (18.90-0.06 and 0.32%) - capes type shipping market activity has been relatively hysteresis Wednesday, freight derivatives contracts capes type low also constitute a drag.