Baltic index logs worst week in 4 months as rates across vessels fall

The Baltic Exchange’s main sea freight index logged its worst weekly decline in more than four months on Friday, weighed down by declining rates across vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, dropped 43 points, or 3.5%, to 1,172 points. The main index …

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