Baltic index rises on higher capesize rates

The Baltic Exchange’s main sea freight index inched up on Monday, as a jump in capesize rates offset lower prices for panamax vessels. The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, was up 10 points, or 0.7%, at 1,491. The capesize …

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