Baltic index logs weekly gain on strong vessel rates
The Baltic Exchange’s dry bulk sea freight index strengthened to hit an over two-month peak on Friday and posted a weekly gain, as rates across all vessel segments pushed higher. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 92 points, or 4.4%, at 2,203 points, its highest since Dec. 19. The index was up 18% for the week. The capesize index gained 234 points, or 6.3%, to 3,977, an eleven-week high, to post a 26% weekly rise. Average daily earnings for capesize ...
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