Baltic Index Sees An Acute Dip in 3 Months As Capesize Weakens

The Baltic Exchange’s main sea freight index, tracking rates for capesize, panamax and supramax vessels, registered its steepest decline.
The decline in more than three months is driven by reduced demand for capesizes.
The Baltic index fell 87 points, or 6.3%, the biggest percentage decline since July 22, to 1,297, which was a trough since Sept. 18.
The capesize index lost 253 points, or 11.7%, its worst percentage decline since May 28, to 1,903.

Baltic index marks biggest dip in over 3 months...