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The Baltic Dry Index has fallen for the seventh consecutive trading day
The Baltic Dry Index fell for the seventh consecutive trading day on Monday, as Cape shipping costs declined. The Baltic Dry Index fell 11 points, or 0.6%, to 1797 points, the lowest level since May 29. The Cape shipping cost index fell 32 points, or 1.2%, to 2582 points, the lowest level in over two months. Cape ship daily profits fell by $265 to $21411. The Panamax shipping cost index held steady at 1792 points. Panamax ship daily profits pump7 dollars to 16132 dollars. The Supramax bulk carrier freight index fell 3 points, or 0.2%, to 1383 points.