Baltic index slides for seventh straight sessions
The Baltic Exchange’s main dry bulk sea freight index on Wednesday fell for the seventh consecutive session to its lowest levels in more than a month, hurt by declining rates across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 144 points, or 7.2%, to 1,845 points, its lowest since Feb. 22. The capesize index lost 326 points, or 11%, at 2,638, down for the seventh straight session. Average daily earnings for capesize vessels, which typically transports 150,000-ton cargoes such ...
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