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BREAKING NEWS
Baltic Dry Index Breaks 4-Day Advance
he Baltic Exchange's dry bulk freight index, which monitors rates for ships carrying dry bulk commodities, halted a four-day advance on Wednesday, falling about 1.7% to 2,929 points, dragged down by the bigger-size segment.
The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, snapped a four-day rally, dropping about 3.3% to 4,594 points.
Conversely, the panamax index, which tracks vessels carrying around 60,000 to 70,000 tons of coal or grain, went up 0.3% to 2,258 points; and the supramax index rose by 0.6% to its highest since August 2022 at 1,720 points.
Source: Trading Economics
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