Baltic index edges higher on improved capesize demand

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, edged higher on Monday buoyed by a pick up in demand for capesize vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 1 point, or 0.1%, to 1,056, its highest level since May …

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