Baltic Index Headed For Weekly Loss On Declining Capesize Rates

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, extended losses on Friday and was headed for a weekly loss, pressured by declining capesize vessel rates. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 66 points, or 3.2%, to 1,991 …