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Dry bulk market fails to shrug off bearish sentiment

Largest bulkers saw the heaviest losses since start of August, followed by supramaxes and handysizes, while panamaxes had the smallest erosion in spot rates

Tonnage build-up as congestion eases is said to be weighing on the capesize market, which has once again been knocked down to below break-even levels, forcing the Baltic Dry Index to its lowest level since early February

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