Waning vessel demand drags Baltic index lower

The Baltic Exchange’s main sea freight index recorded its lowest level in two weeks on Monday as demand fell across vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, fell 23 points, or 2.1%, to 1,068. The capesize index dipped 53 points, or 3.1%, …

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