Baltic Index Gains as Capesize Rates Rise

The Baltic Exchange’s dry bulk sea freight index rose on Thursday, supported by gains in the capesize vessel segment. The index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 24 points to 1,451 points. The capesize index rose 102 points to 2,162 points. Average daily earnings for capesize vessels, which typically …

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