Baltic Dry Index Rises to Over 1-Year High

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    Greensea Systems
    Keymaster
    Reuters

    March 22 (Reuters) – The Baltic Exchange’s main sea freight index tracking rates for ships ferrying dry bulk commodities scaled an over one-year peak on Monday, propelled by higher rates across vessel segments, with panamax rates touching an over 10-year high.

    * The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, rose 38 points, or 1.7%, to 2,319, its highest since September 2019.

    * The capesize index advanced 38 points, or 1.6%, to 2,382.

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