The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to 1-1/2-year peak on Monday as demand improved across vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, added 47 points, or 2%, to 2,432, its highest level since September 2019. The …

The post Higher vessel rates lift Baltic index to 1-1/2-yr peak first appeared on Hellenic Shipping News Worldwide.