Baltic Index Climbs To 10-Week High On Rising Vessel Rates

The Baltic Exchange’s dry bulk sea freight index extended gains on Thursday to hit an over two month peak, supported by rising rates across all vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 70 points, or 3.4%, at 2,111 points, its highest since Dec. 20. …

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