Baltic index declines for 6th session on weaker vessel rates
The Baltic Exchange’s main sea freight index fell for the sixth straight session to a more than one-month low on Monday, weighed down by weaker demand for all vessel segments.
DESCRIPTION
By definition, ship-to-ship (STS) transfer operation is the transfer of cargo between seagoing ships positioned alongside each other, either while stationary or underway. Cargoes typically transferred via STS methods include crude oil, liquefied gas (LPG or LNG), bulk cargo, and petroleum products.