Baltic index marks second straight weekly dip on retreat in larger vessels

The Baltic Exchange’s main sea freight index fell on Friday, posting its second straight weekly decline, weighed by a dip in capesize and panamax vessel rates. The index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 21 points, or 1.9%, to 1,065, its lowest level in more than five weeks. For …

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