Baltic Index Logs Second Straight Weekly Gain On Higher Capesize Demand

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels carrying dry bulk commodities, gained on Friday and registered its second consecutive weekly gain, driven by strong capesize rates. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 70 points to 1,229 points, its highest …

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