The Baltic Exchange’s main sea freight index jumped about 11% to its highest in nearly three months on Friday as high Chinese coal demand drove up capesize rates. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, leaped 158 points, or nearly 11%, to 1,606, its highest since Oct. 14, 2020. …
The post Baltic index jumps 11% as Chinese coal demand propels capesizes first appeared on Hellenic Shipping News Worldwide.