Baltic Index Posts Biggest Weekly Gain In Four Months On Capesize Increase

The Baltic Exchange’s main sea freight index, which measures rates for ships carrying dry bulk commodities, jumped on Friday, posting its biggest weekly gain in over four months, supported by a steady rise in capesize vessel rates. The main index, which tracks rates for capesize, panamax and supramax shipping vessels, gained 22 points, or 1.1%, …