Baltic index hits one-week high on capesize strength

The Baltic Exchange’s dry bulk sea freight index rose to a one-week high on Monday, as gains in the capesize segment overshadowed declines in rates for smaller vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 29 points, or 2.1%, at 1,436 points, its highest since Jan. …

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