Baltic Index Loses Ground For Third Straight Week On Lower Capesize Demand

The Baltic Exchange’s main sea freight index, which monitors rates for vessels transporting dry bulk commodities, edged up on Friday but registered its third consecutive weekly loss, pressured by weak capesize rates. The main index was up 2 points, or 0.1%, at 1,436, snapping a seven-day losing streak. However, the index was down 5.6% on …