Baltic index hits one-week low as larger vessel rates slide

The Baltic Exchange’s dry bulk sea freight index slipped on Tuesday to its lowest level in a week, weighed down by a drop in capesize and panamax segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, fell 4 points, or about 0.3%, to 1,357 – …

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