According to a Reuters report, the Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, stretched its losing streak to an eighth straight session on Monday, hurt by lower rates for Capesize vessels.
How did it happen?- The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 1 point to 2,311 points. The index has fallen for eight straight sessions.
- The capesize index dropped 9 points, or 0.2%, to 4,538 points.
- Average...
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