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The Baltic Index, measuring the price for dry bulk freight, fell by 2.2% to 3,002 points on Tuesday, its lowest since late August. The index measuring prices for capsize bulk carriers plunged by 4% to 4,638, aligned with a drop in earnings for iron ore and coal carriers. In turn, indexes measuring panamax and supramax
The Baltic Exchange's dry bulk freight index fell to its lowest level since August 27 on Wednesday, pressured by declining capesize and panamax rates. Average daily earnings for capesize vessels dropped $1,584 to $41,191.
The Baltic Exchange’s dry bulk freight index falls about 3.2% to 2,844 points, its lowest since August 3, while capesize and panamax both decline for a fourth session.