Baltic index logs best day in nearly 5 months on capesize strength

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, on Wednesday posted its biggest single-day gain since March, as higher South American exports supported demand for capesize vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 105 points, or 11%, to 1,067 …

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