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The Baltic Exchange's main sea freight index posted its best weekly gain since mid-February, reaching 2,788 and its highest level since September 2010. Capesize daily earnings rose to $34,762 on higher demand for capesize vessels.
Panamax and supramax indices also gained over the week.
Rising dry bulk rates, driven by capesize demand, increase the cost of moving grain and feed ingredients by sea.
marinelink.comApr 23, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
