The Baltic Exchange’s main sea freight index, which tracks rates for capesize, panamax and supramax vessels, rose on Friday, buoyed by an uptick in demand for capesize and panamax vessels. The Baltic index rose 14 points, or 1%, to 1,415. However, the index registered a 4.2% weekly loss, marking its third straight weekly decline. The …
The post Baltic index nudges up, but registers fall for third straight week first appeared on Hellenic Shipping News Worldwide.