Baltic index declines for second straight week

The Baltic Exchange’s dry bulk sea freight index rose on Friday and snapped an 11-session losing streak, but marked a second straight weekly fall. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 77 points, or 5.6%, to 1,462. But the index fell 6.5% this week. The capesize …

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