Baltic Index Drops To More Than Three-Week Low As Larger Vessel Rates Slip

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to more than a three-week low on Thursday as rates across larger vessels slipped. The index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 90 points to 1,419 points, its lowest level since …

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