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Baltic Dry Index

Maritime Activity Reports, Inc.

November 4, 1999

The Baltic Dry Index (BDI), the successor to the Baltic Freight Index, was down 12 points on Thursday to 1,301 points. The Baltic Panamax Index was down 2 to 1,251, the Capesize down 30 to 1,709 and the Handy down 2 to 952 points.