Baltic Index Nears Two-Month High On Capesize Gains

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose for the fourth consecutive session on Wednesday, nearing a two-month high supported by gains in capesize vessel. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 26 points, or 1.2%, to …

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