Baltic index notches second weekly gain on higher vessel rates

Capt. John

The Baltic Exchange’s main sea freightindex notched its second weekly gain in a row, aided by strongdemand for all vessel segments, even as it eased on Friday onlower capesize rates. The Baltic dry index, which tracks rates forcapesize,panamax and supramax vessels ferrying dry bulk commodities,dropped 72 points, or 4.1%, to 1,698, but firmed 26.8% this …

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