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The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, dropped about 2.5% to its lowest since August 26 at 3,070 points on Monday, after two successive sessions of gains. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, a
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.