Baltic dry index posts weekly loss as capesize rates fall

The Baltic Exchange’s main sea freight index, which tracks rates for vessels transporting dry bulk commodities, fell on Friday, marking its second consecutive weekly decline, pressured by a drop in capesize vessel rates. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, was down 32 points, or 2.1%, at 1,521, hitting …