The Baltic Exchange’s main sea freight index climbed to its highest in nearly eight weeks on Tuesday, as rising rates for larger Capesize vessels offset dips in Panamax and supramax rates, reports Yahoo Finance.
Highlights* The Baltic dry index, which tracks rates for Capesize, Panamax, and supramax vessels, rose 7 points, or 0.5%, to 1,330, its highest since Oct. 28.
* The Capesize index rose 46 points, or 2.5%, to 1,865, extending an eight-day rally and hitting its highest level in over seven...
https://mfame.guru/baltic-exchange-sees-highest-index-in-nearly-eight-weeks-over-rising-rates/