Baltic index logs fourth straight weekly rise

The Baltic Exchange’s main sea freight index dipped on Friday on weaker demand for capesize and panamax vessels, although gained for a fourth consecutive week. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 25 points, or about 1.6%, at 1,535. The index, however, was up 7.8% for the …

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