The Baltic Exchange’s main sea freight index that tracks rates for ships carrying dry bulk commodities extended gains, rising to its highest since late 2010 on Thursday as capesize rates jumped on strong Chinese iron ore demand. The index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 40 points, …
The post Capesize strength propels Baltic index to 10-1/2-yr high first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John
https://www.hellenicshippingnews.com/capesize-strength-propels-baltic-index-to-10-1-2-yr-high/