Baltic index hits near 4-week peak on capesize strength

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to a near four-week high on Wednesday, supported by strong demand for capesize vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 60 points, or about 5.6%, to 1,138, its highest since …

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