Baltic Dry Index Snaps 4-Day Rally

The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, halted a four-day winning streak on Thursday, dropping 2.3% to 1,761 points, amid lower demand for larger vessels. The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, slipped 5.2% to 2,589 points, after four consecutive sessions …

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