Baltic index ticks up on firm demand for larger vessels

The Baltic Exchange’s main sea freight index edged up on Wednesday on higher rates for capesize and panamax vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, gained 5 points to 1,407. The capesize index was up 16 points, or about 1%, to 1,662. …

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