Baltic index scales over 1-year high on robust capesize demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to over one-year high on Friday as rates for capesize vessels surged on higher iron-ore demand. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 151 points, or 8.1%, at 2,020 …

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