Baltic index climbs to over 1-month high on demand for larger vessels

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for a fifth straight session on Tuesday, boosted by higher demand for larger vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 23 points, or 2%, to 1,150, its highest level …

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