Baltic Index Hits One-Week Low As Capesize Rates Weaken

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, extended losses and fell to a one-week low on Wednesday, pressured by weak capesize vessel rates. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 42 points, or 2%, to 2,030 points, …

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