Panamax index hit the lowest level since its inception.
The BPI fell to 426 points, the worst since the index was introduced in the late 1990s, with earnings at $3,399 daily, the Baltic Exchange said.
The previous low of 440 points was recorded at the end of 2008.
Braemar Seascope explained that the Atlantic market is just getting weaker and weaker.
Published : September 27, 2012
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