The Baltic Capesize Index increased by 215 points in the tally published Thursday, reaching 2,660 points, the highest level so far this year. Capesize rates made the biggest leap in the Baltic Dry Index, as the segment reached 1,270 points, though the Panamax and Supramax markets are also undergoing positive developments.
The latest Fearnley report on the Capesize market notes that spot rates, at USD 19,8811 a day, have now reached the highest level seen in a long time, particularly boosted by positive developments in iron ore freight from Western Australia, South Africa and Brazil.
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