Declining capesize, panamax rates weigh on Baltic index

The Baltic Exchange’s main sea freight index fell on Wednesday, hurt by lower demand for capesize and panamax vessel segments. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, fell 18 points, or 1.1%, to 1,568. The capesize index dropped 28 points, …

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