Baltic index snaps seven-week winning streak as vessel rates dip

The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, snapped its seven-week long gaining streak on Friday, as rates declined across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 99 points, or 6%, to 1,563. The index …

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