The Baltic dry index stabilised in the past week with a slight upward rate (+0.5%). Freight levels in the smaller segments counterbalanced the Capesize market. The BCI index weakened by 18.7% to settle at 1,242, a fall of 285 points. Undoubtedly, the Chinese New Year has affected rates in the Capesize segment the past couple of weeks.
Source: D & F Shipping
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