Propelled by strong demand across capesize and panamax vessel segments, the Baltic Exchange’s main sea freight index climbed to a near two-week high, reports Reuters.
- The Baltic index, which tracks rates for ships ferrying dry bulk commodities, gained 90 points, or 5.1%, to 1,864 points, a high since July 31.
- The capesize index added 188 points, or 5.8%, to 3,454 points, its highest in more than a week.
- Average daily earnings for capesizes, which typically transport 170,000 tonne-180,000 tonne...
http://mfame.guru/baltic-index-hits-2-week-peak-on-strong-capesize-panamax-rates/