Baltic index posts gains as capesize rates rise

The Baltic Exchange’s dry bulk sea freight index rose on Friday, buoyed by gains across the capesize vessel segment. The index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 44 points to 1,495 points. The capesize index rose 154 points to 2,316 points. Average daily earnings for capesize vessels, which typically …

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