Posts tagged as Rising rates

Rising rates help Baltic index snap losing streak

Wednesday, March 3, 2021

The Baltic Exchange’s main sea freight index gained on Tuesday, snapping a four-session run of losses, helped by stronger rates in the capesize and panamax vessel segments. The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, was up 22 points, or 1.3%, to 1,673. The capesize index, rose 57 points, or 4%, to 1,465, breaking a losing streak of eight sessions. Average…