Baltic index gains as rates rise across all vessel segments
The Baltic Exchange’s dry bulk sea freight index, which measures shipping rates for vessels transporting dry bulk commodities, rose on Friday, supported by higher rates across all vessel segments. The index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 12 points to 792 points. However, the index fell nearly 3% for the week. The capesize index gained 5 points to 716 points, while the index was down more than 14% during the week. Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such ...
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