Baltic index declines for third day as capesize plunges to 2-year low

The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, fell for the third straight session on Wednesday, with the capesize segment hitting an almost two-year low. The index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 25 points to 776 points. The …

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