Tag: baltic index
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Baltic dry index falls 5% on weaker Capesize sentiment and easing chartering activity
The Baltic dry bulk index fell by 5.1% (137 points) d-o-d to 2,557 on 9 Dec, reflecting soft market sentiment, largely driven by a sharp correction in Capesize rates amid lower iron ore demand from China and rising vessel availability. Capesize: The BCI dipped 7.6% (382 points) to 4,631. Panamax: The BPI dropped 1.5% (27…