Baltic index logs 10% weekly drop as demand for larger vessel wilts away

The Baltic Exchange’s main sea freight index closed the trading week at a 10% decline, pressured by lower demand in the larger vessel segments. The overall index that factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, however, edged up by 1 point to 978 on Friday. The capesize index …

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