The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, advanced on Monday, supported by improved demand for capesize vessels. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was up 60 points, or 2.9%, at 2,145, its highest level since March 29. The capesize …

The post Higher capesize rates lift Baltic index to 2-week high first appeared on Hellenic Shipping News Worldwide.