Baltic index falls on lower capesize demand

The Baltic Exchange’s main sea freight index (.BADI), tracking rates for ships carrying dry bulk commodities, extended its decline for the fourth straight session on Thursday, pressured by falling demand for capesize vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 42 points, or about 2.3%, to 1,757. …

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