Baltic index hits one-week low as vessel rates slump

The Panamax index slipped 57 points, or 3.2 per cent, to 1,741, its lowest level since July 10. Average daily earnings for Panamax vessels decreased by $509 to $15,671.

Among smaller vessels, the supramax index shed eight points, or 0.6 per cent, to 1,281.

(Reporting by Anushree Mukherjee in Bengaluru; Editing by Sahal Muhammed)