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The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, retreated for a fourth straight session on Wednesday, slumping about 2.1% to its lowest since August 27 at 3,113 points. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and co
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.