The Baltic Exchange’s main sea freight index rose to a more than 11-year peak on Friday on solid demand for all vessels, with capesize rates scaling their highest since mid-2009. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 116 points, or about 3%, to its highest since …
The post Baltic index stretches rally as capesizes scale over 11-year peak first appeared on Hellenic Shipping News Worldwide.