Baltic index scales over 1-year peak as vessel rates jump
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to its highest level since September 2019 on Thursday as demand strengthened across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, rose 145 points, or 6.7%, to 2,323, its highest since Sept. 12, 2019. The capesize index advanced 232 points, or 7.4%, to 3,383, its highest level since Oct. 9, 2020 Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of coal and steel-making ingredient ...
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