Baltic index logs weekly gain as rates across vessels rise

The Baltic Exchange’s dry bulk sea freight index rose on Friday, marking a weekly rise, steered by higher rates across vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 45 points, or 2.8%, to 1,643. The index added 12.4% this week. The capesize index added 103 points, …

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