Baltic Dry Index at Over 1-Month Low, Posts Weekly Loss

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The Baltic Dry Index fell 2.2% on Friday to 3,002 points, its lowest level since August 25, after five consecutive sessions of declines. The Capesize index also dropped 4%, reflecting weaker freight conditions for vessels carrying major dry-bulk cargoes such as iron ore and coal.

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, declined for a fifth straight session on Friday, dropping about 2.2% to its lowest since August 25 at 3,002 points. The capesize index, which typically transports 150,000-ton cargoes, including iron ore and coal, slipped by 4% to its lowest ...