Baltic dry index retreats from over two-month high

The Baltic Exchange's main sea freight index, a key benchmark for global dry bulk shipping rates, retreated on September 1 after a seven-session winning streak, as weakness in the Capesize market outweighed resilience in the Panamax and Supramax segments.

The overall index declined by 29 points, or 0.9%, from the previous session to settle at 3,157 points on September 1. The pullback came after the index had climbed to 3,186 points on August 31, its strongest level since June 3. The Capesize index, which tracks vessels typically hauling 150,000-tonne