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Baltic Dry Index Halts 3-Day Slump

The Baltic Exchange’s dry bulk index, which tracks rates for vessels transporting dry commodities, snapped a three-day losing streak, rising about 2.8% to 2,066 points, underpinned by the bigger-size segment.

The capesize index, which typically transports 150,000-ton cargoes such as iron ore and coal, rebounded by 7.8% to 2,835 points.

Meanwhile, the panamax index, which usually carry 60,000 to 70,000 tons of coal or grain, continued to decline, falling 2.5% to 1,914 points; and the supramax index decreased by 0.9% to 1,373 points.
Source: Trading Economics



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