Baltic Dry Index dips to three-month low
The Baltic Dry Index fell for a sixth consecutive day, dropping 2% to 2,388 points yesterday.
Downward pressure: Index falls amid reduced demand (Photo: Southern Cross Maritime)
It was the dry bulk market indicator's lowest level in more than three months and came as demand for iron ore and coal haulage declined.
China remained the bigger user of iron ore, accounting for 26% of the shipped tonnage in...
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