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Baltic index down as rates for large vessels stay weak

Posted on 28 July 2016

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday on weaker rates for larger vessels and supramaxes.
The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 17 points, or 2.44 percent, at 679 points. The capesize index fell 38 points, or 4.52 percent, to 803 points………………………………………..Full Article: Source


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