Firm Vessel Rates Push Baltic Index Up By 23 Points

The Baltic Exchange’s main sea freight index rose to 5-month peak, reports Yahoo Finance.

The Baltic Exchange’s main sea freight index rose to its highest in more than five months on Monday, as rates across vessel segments strengthened.

The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 23 points, or 1.2%, to 1,983, its highest since Oct. 7, 2020.

Capesize index

The capesize index gained 37...

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