The Baltic Exchange’s main sea freight index, which tracks rates for capesize, panamax and supramax vessels, rose on Friday, buoyed by an uptick in demand for capesize and panamax vessels, reports Yahoo Finance.
The Rise and FallThe Baltic index rose 14 points, or 1%, to 1,415. However, the index registered a 4.2% weekly loss, marking its third straight weekly decline.
The capesize index gained 26 points at 2,261 but registered a more than 6% weekly fall. Average daily earnings for capesizes,...
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