The Baltic Exchange’s main dry bulk sea freight index slipped on Friday due to a decline in capesize rates, although the main index posted a weekly gain of 8.6% Gains this week, which saw the index scale a 12-year peak, were supported by port congestion, shipping constraints and an overall rebound in commodities, analysts said. …
The post Baltic index dips on weak capesize rates, posts weekly gain of nearly 9% first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John