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Baltic’s freight index slides on sluggish demand

Posted on 20 July 2012

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry commodities, fell on Thursday for the eighth straight day as the market continued to struggle with slower cargo trade and mounting fleet growth.
The overall index, a gauge of the cost of shipping commodities such as iron ore, cement, grain, coal and fertiliser, fell 21 points or 1.96 percent to 1,053 points………………………………………..Full Article: Source


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