Baltic index rises for third day on higher Capesize rates


Date: Feb 9, 2018
The Baltic Exchange’s main sea freight index inched up for the third straight session on Thursday as higher capesize rates offset weakness across all other vessel segments.

The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels that ferry dry bulk commodities, was up 9 points, or 0.82 percent, at 1,106 points.

The capesize index gained 84 points, or 5.32 percent, at 1,662 points.

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