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03 April 2020 The on-line newspaper devoted to the world of transports 21:08 GMT+2

August 10, 1998

Freight rates plunge to 11-year low on Asia woes

Baltic Freight Index slumped on Friday to 792, the lowest since January 1987


Global shipping rates fell to their lowest level in over 11 years amid sagging demand for commodities in Asia where an economic slowdown is hurting consumption.

The Baltic Freight Index, the benchmark indicator of the costs of dry bulk cargo freight, settled on Friday at ......
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