Higher panamax rates buoy Baltic index

The Baltic Exchange’s main sea freight index gained for a seventh straight session on Tuesday, as higher demand for panamax and supramax vessels offset a slight dip in capesizes. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, edged up 9 points, or 0.8%, at 1,178, a peak since Nov. 10. …

The post Higher panamax rates buoy Baltic index first appeared on Hellenic Shipping News Worldwide.

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