OTHER NEWS - Oct. 1, 1992
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From Times Staff and Wire Reports
Shipping Rates Hit 5-Year Low: Global rates for shipping cargo have sunk to their lowest levels in five years as a result of a worldwide economic slowdown. The Baltic freight index, a barometer of world shipping rates in the coal, iron ore, grain and fertilizer sectors, plunged to a five-year low of 1,042 points in London. World imports of coal and iron ore, the main commodities shipped by sea, have slumped.
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