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The Baltic Dry Index dropped 65 points to 3,113, its lowest since Aug. 27, as weaker Capesize and Panamax freight pressured the benchmark. Capesize and Panamax daily earnings also fell, while Supramax was unchanged.
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.