Baltic Dry Index Jumps as Panamax Rates Hit Over 10-Year High

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    Greensea Systems
    Keymaster
    Reuters

    March 17 (Reuters) – The Baltic Exchange’s main sea freight index on Wednesday climbed to a near 1-1/2-year high as panamax rates scaled a more than 10-year peak on China grain demand.

    * The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 88 points, or 4.4%, to 2,105, a peak since September 2019.

    * The panamax index gained 211 points, or 8.9%, at 2,583, its highest since September 2010.

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