Baltic index records weekly gain as capesize rates climb

The Baltic Exchange’s dry bulk sea freight index rose on Friday, squeezing its first weekly increase in four, as gains in the capesize segment overshadowed declines in rates for smaller vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 24 points, or 1.2%, to 2,110, on its best …

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