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Association & Institute The Baltic Exchange's dry bulk sea freight index increased for the second consecutive session, driven by higher capesize rates. The overall index, factoring in capesize, panamax, and supramax vessels, rose by 1.7% to 2,551 points. Capesize rates surged by 4.4%, contributing to the overall increase, with average daily earnings reaching $38,082. Conversely, the panamax index hit a three-week low, decreasing by 2.6%, while supramax vessels saw a 1.7
Maritime
Baltic Dry Index Rises on Capesize Strength, Panamax Decline
13 Dec 23
