Baltic index rises on uptick in capesize demand.
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, jumped on Wednesday, on stronger demand for capesize vessels driven by a seasonal uptick in Brazilian iron ore exports.
The Baltic index, which reflects rates for capesize, panamax and supramax vessels, rose 72 points, or 4percent, to 1,873, its biggest daily percentage gain since Aug. 30. The capesize index jumped 177 points, or 5.8percent, to 3,208, recording its steepest percentage rise in...
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