Tag: baltic index
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Baltic dry index firms on Capesize surge despite weaker Panamax and Supramax markets
The Baltic dry bulk index increased d-o-d by 0.5% (11 points) to 2,204 on 16 Dec due to a rebound in Capesize rates, driven by firmer iron ore and coal chartering. This more than offset declines in Panamax and Supramax segments, where softer grain/minor bulk demand, rising vessel availability pressured rates. Capesize: BCI rose 3.1%…