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Baltic Dry Index down 11.37% following curbs by Colombia

Rates for Capesize ships fall 27% to US$17,452 a day

Published Mon, Jan 13, 2014 · 10:00 PM
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[LONDON] The cost of hauling coal and other commodities had its biggest one-day percentage drop on record after Colombia restricted some exports by Drummond Co, driving down cargoes from the country.

The Baltic Dry Index fell 11.37 per cent to 1,512 points on Frid…

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