Tag: baltic index
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Baltic dry index falls 1.2% as weak demand pulls down freight rates
The Baltic dry bulk index dipped by 1.2% (33 points) to 2,694 on 8 Dec compared to 5 Dec, indicating softer cargo demand and increased vessel availability, resulting in weaker freight rates across Capesize, Panamax, and Supramax segments amid muted global trade activity. Capesize: The BCI declined 1.4% (70 points) to 5,013. Panamax: The BPI…