Baltic Dry drops 23 percent in one week

Pace-setting dry bulk index, Baltic Dry Exchange, which tracks freight rates for coal, grain, iron ore and the like, dropped 23 percent in one week after a long period of improvements.

Photo: David Gray/Reuters/Ritzau Scanpix

Dry bulk index Baltic Dry drops 5.1 percent to 1,317 points Friday.

With today's drop, the index has declined 23 percent in one week, reveal data from Bloomberg News.

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