Baltic index climbs to 1-yr high on robust capesize demand, reveals a Hot Copper news source.
The Baltic Exchange’s dry bulk sea freight index
BADI climbed to a 1-year high on Friday as capesize rates firmed for a fifth consecutive week.
- The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 102 points, or 5.6%, to 1,929.
- The main index rose 13.4% for the week to log its fifth consecutive weekly rise.
- The...
https://mfame.guru/capesize-demand-boosts-baltic-index-to-1-year-high/