Baltic index ticks up as capesize rates rise

The Baltic exchange’s main sea freight index rose on Monday, buoyed by an uptick in capesize vessel rates. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 12 points, or 0.4%, to 2,881. The capesize index rose 28 points, or 0.7%, to 3,958. Average daily earnings …

The post Baltic index ticks up as capesize rates rise first appeared on Hellenic Shipping News Worldwide.

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