The Baltic Exchange’s main sea freight index rose to its highest since October last year as capesize rates continued to firm.
The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was up 88 points, or 5%, to 1,849, its highest since Oct. 9, 2020.
The capesize index rose 231 points, or about 7.8%, to 3,186, a three-month high.
The panamax index climbed 25 points, or 1.5%, to 1,645, its highest level in nearly four months.
The supramax index rose 16 points to 1,055, highest since Dec. 18, 2020. Source: Reuters