Baltic index advances as panamax segment logs best week in over 8 years

The Baltic Exchange’s main sea freight index rose on Friday and recorded its best week in about four months as panamax rates marked their biggest weekly gain in more than eight years. The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was up 35 points, or about 3%, at 1,213. …

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