Weak Capesize Demand Drags Baltic Index To Weekly Loss

The Baltic Exchange’s main sea freight index fell on Friday, marking its second straight weekly decline, weighed down by weaker capesize rates. The main index, which tracks rates for capesize, panamax, and supramax shipping vessels, dropped 19 points, or 1.2%, to 1,602. It also posted a 2.5% decline for the week. The capesize index fell …

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