Pana­max sea freight in­dex at three-week high

The Daily Telegraph - Business - - Business -

The Baltic Ex­change’s main sea freight in­dex has hit a near three-week high, as the pana­max in­dex soared to its high­est level in more than nine months. Pana­max con­tainer ships usu­ally carry car­goes such as coal or grain of about 60,000 to 70,000 tons, and the rise in ship­ping costs could point to a re­cov­ery in global trade, ac­cord­ing to econ­o­mists.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.