Baltic Dry Index Falls Further


Baltic Dry Index Falls Further:

The Baltic Exchange’s main sea freight index tracking rates for ships carrying dry bulk commodities fell on Friday reflecting low vessel demand across nearly all vessel sizes.

The overall index, which gauges the cost of shipping cargoes including iron ore, cement, grain, coal and fertiliser, slipped 12 points, or 2.25 percent, to 522 points.

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

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