Baltic Index Dips 46% Marking Its Biggest Quarterly Slump in Three Years

The Baltic index, was down 0.4%, at 689 points and has fallen about 46% marking its biggest quarterly decline in three years.
The capesize index dropped 17 points, to 150 points, an all-time low to a record low on weak demand from top miners Brazil and Australia.
Average daily capesize earnings, which typically transport 170,000 tonne-180,000 tonne cargoes of iron ore and coal, fell $76 to $3,796.
Capesize index has lost nearly 1,600 points since the mine disaster in Brazil and shed more than...