UPDATE 1-Baltic index falls on biggest capesize dip in over two years

The Baltic Exchange’s main sea freight index fell on Thursday as capesize vessel rates saw their biggest daily plunge since the onset of the COVID-19 pandemic, in May 2020 on lower iron ore demand. * The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 74 points, or 5.3%, at …

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