The Baltic Exchange’s main dry bulk sea freight index extended its rally as robust demand and port congestion propelled the capesize index above 10,000 points for the first time in more than 13 years.
For centuries the great port cities analysed in the recent Xinhua-Baltic International Shipping Centre Development Index report were built on the confluence of trade, people and ideas. Centred around ships and the presence of their owners,
LONDON : Baltic Exchange’s main sea freight index , tracking rates for ships carrying dry bulk commodities, hit a more than 11-year peak bolstered by firmer rates across vessel segments. * The overall index,