The Baltic Exchange’s main sea freight index hit a near three-week high on Monday, as the panamax index soared to its highest level in more than 9 months, reports Yahoo News
What’s the Scenario Now?- The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, was up 5 points, or 0.3%, at 1,506, its highest in nearly three weeks.
- The panamax index gained 37 points, or 2.4%, to 1,600, its highest in over 9 months.
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https://mfame.guru/panamax-jump-pushes-baltic-index-to-3-week-high/