Tag: baltic index
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Baltic dry index hits over 1-month low on weak demand, rising tonnage
The Baltic dry bulk index fell by 2.3% (48 points) d-o-d to a one-month low of 2,023 on 19 Dec. The index eased as weak coal and grain demand hit Panamax rates, while ample tonnage, slower iron ore fixing, and thin year-end cargo volumes weighed across segments. Capesize: BCI dropped by 1.4% (51 points) to…