Baltic Index Falls to Near Two-Year Low on Weaker Vessel Rates

Jan 27 (Reuters) – The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, dropped to a 23-month low on Monday following a decline in rates across all vessel segments.

* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 17 points to 761 points, its lowest since February 2023.

* The capesize index slipped 25 points to 958 point…