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Baltic index at over 10-mth high, more gains seen

Posted on 13 October 2011

The Baltic Exchange’s main sea freight index , which tracks rates to ship dry commodities, rose to its highest in over ten months on Wednesday helped by buoyant cargo demand.
Brokers said growing vessel supply, which was outpacing commodity demand, was set to cap dry bulk freight rate gains in the coming months with economic uncertainty adding to headwinds……………………………………….Full Article: Source


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