Lower capesize, panamax rates weigh on Baltic index

The Baltic Exchange’s main sea freight index fell for a third straight day on Wednesday, pressured by losses in the larger capesize and panamax vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, fell 45 points, or 3.8%, to 1,138 — its lowest level …

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