The Baltic Exchange's dry bulk sea freight index edged up slightly, but marked its third consecutive weekly decline as shipping rates for capesize, panamax, and supramax vessels hovered near multi-week lows. The overall index rose by 0.3%, with the capesize segment experiencing its first increase in eight sessions. However, the capesize index still recorded a 17.4% weekly drop. Panamax and supramax segments faced challenges, with the latter hitting a more than three-week low. Major shipping companies like Maersk and CMA CGM announced extra charges due to rerouting ships following Red Sea attacks, adding to the complexities faced by the shipping industry.

SOURCE:GOOGLE