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Baltic index rises on steady rates for capesizes, panamaxes

Posted on 06 April 2016

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday, helped by firmer rates for bigger vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 16 points or 3.4 percent to 487 points.
While the index has jumped nearly 70 percent since touching its all time low of 290 points on Feb. 10, analysts said the recent recovery being noted in parts of dry bulk market has been primarily fed by seasonal market movements and cannot be relied upon to support the sector throughout the year………………………………………..Full Article: Source


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