Ports and Shipping - WORLDWIDE SHIPPING INDUSTRY - Baltic index falls on sliding Capesize rates.
The Baltic Exchange's main sea freight index fell for a second straight session on Wednesday to its biggest one-day decline in nearly six months, as rates for capesize vessels fell after a strong run. The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 7 percent, or 151 points, to 2,014 points, its biggest one-day drop since January 31.
The index has still more than tripled since February, mainly driven by strong demand for vessels that ship iron...
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