Baltic index hits over 3-month high on firm demand across vessel segments
The Baltic Exchange’s dry bulk sea freight hit a more than three-month high on Monday on robust demand across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 45 points, or 1.9%, to 2,419 points. The capesize index was up by 70 points, or 1.74%, at 4,089. Average daily earnings for capesize vessels, which typically transports 150,000-ton cargoes such as iron ore and coal, increased by $579 to $33,911. The panamax index gained 64 points, or 2.9%, to 2,298 points, rising ...
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