Shipping rates for dry-bulk commodities such as coal and iron ore fell for a third week, reaching their lowest in almost 11 months amid rising tonnage supplies. The Baltic Dry Index, which measures the cost of chartering different-size vessels on worldwide trading routes, declined for a 11th straight session, dropping 66 points, or 1.8 percent, to 3430, according to the Baltic Exchange in London. That’s the lowest since July 6.
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about 21 years ago
Shipping Rates for Coal, Iron Ore Fall to Lowest in 11 Months
Shipping rates for dry-bulk commodities such as coal and iron ore fell for a third week, reaching their lowest in almost 11 months amid rising tonnage supplies. The Baltic Dry Index, which measures the cost of chartering different-size vessels on worldwide trading routes, declined for a 11th straigh
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