Baltic index slips to 1-1/2 month low on weaker vessel rates

The Baltic Exchange’s main sea freight index, tracking rates for ships ferrying dry bulk commodities, fell to its lowest since mid-February on weaker rates for all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, shed 42 points or 2.5% to 1,669 points, its lowest level since Feb. …

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