Baltic dry index retreats from 3-week high

The Baltic Exchange's main sea freight index, which tracks global rates for ships carrying dry bulk commodities, decreased on Wednesday after rising for the previous three sessions.

By February 25, the overall index – which includes rates for Capesize, Panamax, and Supramax vessels – had dropped to 2,121 points, down 8 points or 0.4% from a more than three-week high in the previous session. In particular, the index for Capesize vessels, which typically transport 150,000-tonne cargoes like