The Baltic Exchange’s main sea freight index on Monday drifted up to its highest since September 2010, as an uptick in rates for the larger capesize segment offset a drop in panamax vessel demand. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, edged up 20 points, …
The post Baltic index hits highest in over 10 years powered by capesizes first appeared on Hellenic Shipping News Worldwide.