Baltic index hits near 12-week high on heavy capesize demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to a near 12-week high on Tuesday, helped by higher rates for all vessel segments, especially capesizes. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 122 points, or about 8.3%, to …

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