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The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, declined for a third session on Tuesday, falling roughly 1% to its lowest since October 20 at 2,603 points. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, was also
The Baltic Exchange Dry index fell 2.2% to 2,852 on Monday, its lowest level since August 21. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, tumbled 4.4% to 4,148, its lowest level since late July. On the other hand, the panamax index, which usually carries 60,000 to 70,
The Baltic Exchange's dry bulk freight index fell to a six-week low on Tuesday, weighed down by a drop in capesize rates. The main index lost 68 points, or 2.2%, to 3,002 points. The capesize index lost 195 points, or 4%, to 4,638 points.
The main index fell 4.61% to 3,268, its lowest since Sept. 1, as capesize rates weakened 7.49%.
The Baltic Exchange’s dry bulk freight index fell 0.4% to 3,507, with capesize down 0.7% to 6,080 and panamax down 0.1% to 2,407; supramax rose 0.3% to 1,719. The benchmark is down 3.3% for the week.