Baltic Exchange Sea Freight Index Hits One-Month High Driven by Capesize Rate Surge
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, reached a one-month high on Monday. Capesize rates drove the increase, with the index rising by 45 points to 1,093 points. Capesize vessels saw a significant earnings boost, while panamax and supramax rates declined.