Baltic Dry Index Snaps 7-Day Winning Streak

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The Baltic Dry Index, which tracks dry bulk commodity freight rates, fell by approximately 0.9% to 3,157 points, ending a seven-day winning streak. The capesize index, carrying large cargoes like iron ore and coal, also declined by 2.1%, snapping its own seven-day rise.

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, fell about 0.9% to 3,157 points on Tuesday, halting a streak of seven straight sessions of advances. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, also snapped a seven-day winning run, dropping by 2.1% ...