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Baltic index drops as capesize rates weaken further

Posted on 02 November 2012

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry commodities, fell on Thursday as capesize rates weakened for the third straight day.
The overall index, which reflects daily freight market prices for capesize, panamax, supramax and handysize dry bulk transport vessels, fell 2.53 percent to 1,000 points. The Baltic’s capesize index fell 2.65 percent to 2,355 points………………………………………..Full Article: Source


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