Baltic index scales 2-week peak as vessel rates rise across all segments
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The Baltic Exchange's dry bulk freight index reached a two-week high, climbing 4.3% to 1,803, driven by rising rates across all vessel segments. The capesize index rose 6.3% to 2,732, with average daily earnings increasing to $21,279. The panamax index gained 2.3% to 1,606, with earnings at $14,458. The supramax index also saw a slight increase. Meanwhile, iron ore futures fell due to strong shipments from Rio Tinto and safety inspection concerns in China.
Source: Reuters The copyright of this article belongs to the original author/organization.
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