Baltic index rises to near two-year high on higher rates across vessels

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose to its highest level in nearly two years on Thursday, propelled by gains across vessel segments. * The main index BBDI, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 10 points, or 0.4%, …

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