Baltic index down 27 percent since late October

The Baltic Exchange’s main sea freight index .BADI fell for a seventh straight session on Wednesday, as the market remained well supplied and European orders also dropped.
The BADI, which tracks rates to ship dry commodities such as coal, iron ore, cement, grain and fertilizer, fell over a percentage point, or 22 points, to 2,047, its lowest level since Aug. 9.
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Source: Reuters