The Baltic Exchange’s main sea freight index tracking rates for ships ferrying dry bulk commodities scaled an over one-year peak on Monday, propelled by higher rates across vessel segments, with panamax rates touching an over 10-year high. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, rose 38 points, or 1.7%, …
The post Baltic index rises to over 1-year high on firm demand across vessels first appeared on Hellenic Shipping News Worldwide.
Author: Capt....