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Baltic Dry Index weakens after sharp drop in Capesize rates

May 11, 2020 8:24 AM ETBreakwave Dry Bulk Shipping ETF (BDRY)SEA-OLD, BDRYBy: Clark Schultz, SA News Editor
  • The Baltic Dry Index fell 7.78% to 474 points in London to mark the 14th straight day of a decline.
  • The Baltic Dry Index bottomed out at 411 on February 10 and traded as high as 2,518 last September.
  • Capesize rates fell back 20.9% and Panamax rates were down 1.6%.
  • Related ETFs: Invesco Shipping ETF (NYSEARCA:SEA), Breakwave Dry Bulk Shipping ETF (NYSEARCA:BDRY).

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