The Baltic Exchange’s main sea freight index surged to its highest in over a decade on Wednesday, powered by a jump in the larger capesize vessel segment on increasing iron ore shipments from Brazil. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessel ferrying dry bulk commodities, jumped 238 points, or …
The post Baltic index leaps to over 10-year peak on capesize surge first appeared on Hellenic Shipping News Worldwide.