Baltic index extends gain on strong capesize rates

The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, rose for a second consecutive session on Tuesday, helped by higher capesize rates. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, added 42 points, or 1.7%, at 2,551. The capesize index was up …

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