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Baltic dry freight falls hefty 5.7%

By   || March 18, 2009 at 15:20 GMT
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The Baltic Exchanges main sea freight index BADI, which tracks rates to ship dry commodities (iron ore, cement, grain, coal, fertiliser), fell a hefty 5.7% today. This is the index’s 6th straight session of losses, and doesn’t seem to bode well for those looking for green shoots of recovery in the global economy.

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