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

The Baltic Exchange’s main sea freight index extended declines on Thursday to hit its lowest level in more than two weeks as rates for the capesize and panamax vessel segments retreated. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 44 points, or 1.9%, to 2,240 points, its lowest …

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