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Baltic Dry index continues fall on weaker rates across all ship segments

The Baltic Exchange's main sea freight index tracking rates for ships carrying dry bulk commodities fell again this week, reflecting low vessel demand across all sizes

Baltic Dry index continues fall on weaker rates across all ship segments
11 December 2015 - 22:29

Baltic Dry index continues fall on weaker rates across all ship segments

The Baltic Exchange's main sea freight index tracking rates for ships carrying dry bulk commodities fell again this week, reflecting low vessel demand across all sizes, Reuters reports.

The overall index, which gauges the cost of shipping cargoes including iron ore, cement, grain, coal and fertiliser, slipped 12 points, or 2.2 per cent, to 534 points.

The Baltic index is seen by investors as an indicator of global industrial activity.

The capesize index fell 33 points, or 3.85 per cent, the panamax index 0.97 percent and the handysize index dropped one point to 285 points and the supramax index fell five points to 455 points. 

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