- Baltic index rose for the eighth straight session to 508 points.
- The capesize index fell 39 points to -278 points.
- The panamax index climbed 19 points, or 2.3%, to 830 points.
- The supramax index rose 18 points to 561.
The Baltic Exchange’s main sea freight index inched higher on Tuesday. This marks the eighth straight session gain, as higher rates for panamax and supramax vessels outweighed lower capesize rates, reports Yahoo Finance.
How Baltic Index marked gain
- The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, rose 2 points, or 0.4%, to 508 points.
- The capesize index fell 39 points to -278 points.
- Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes including iron ore and coal, declined by $218 to $2,475.
- The panamax index climbed 19 points, or 2.3%, to 830 points and registered its 14th straight session of gains.
- Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000-70,000 tonnes, increased $165 to $7,467.
- The supramax index rose 18 points to 561.
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Source: Yahoo Finance
