Baltic Freight Index Surges With Rising Vessel Rates

Capt. John

The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, ticked higher on Wednesday on higher activity across vessel segments, reports Yahoo Finance.

Looking into the rates

* The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, gained 38 points, or 1.8%, to 2,178, its highest level since March 26.

* The capesize index inched up nine points, or 0.3%, to 3,151 – its strongest since mid-January.

* ​Average daily...

https://mfame.guru/baltic-freight-index-surges-with-rising-vessel-rates/

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