Baltic dry index extends losses to one-week low

The Baltic Exchange's main sea freight index, a key benchmark for global dry bulk shipping rates, extended its decline on September 14, falling for a third consecutive session to touch a one-week low.

The overall index, which comprises rates for Capesize, Panamax and Supramax vessels, dropped 62 points, or 1.8%, from the previous session to settle at 3,445 points on Monday. The Capesize index, which tracks vessels typically hauling 150,000-tonne cargoes such as iron ore and coal, declined 168 points, or 2.8%, on