Baltic Dry Index Bounces

The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, snapped its three-day losing streak on Friday, rising 1.2% to 2,043 points, mainly supported by the larger vessel segments. The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, rebounded by 1.7% to 3,051 points; and the …

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