Baltic index snaps 8-day losing streak on stronger vessel demand.
Byline: S. Kamal Hayder Kazmi
The Baltic Exchange's dry bulk sea freight index gained on Wednesday, after falling for eight straight sessions, supported by higher rates across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, rose by 37 points, or 0.8 percent, to 4,751. The capesize index rose 46 points, or 0.6 percent, to 7,275, breaking a losing streak of eight sessions. Average daily earnings for capesizes, which transport 150,000-tonne cargoes such as iron ore and...
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