Baltic Dry Index Extends Losing Run Into 8th Day
The Baltic Exchange’s dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, was down for the eighth consecutive session on Tuesday, dropping 3.4% to its lowest since May 1st at 2,818 points. Sustained weakness across larger vessel segments continued to weigh. The capesize index, which typically transports 150,000-ton cargoes including iron …
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