- Baltic index edges up on firm panamax, supramax rates.
- The Baltic index edged up 4 points to 539, its highest since Jan. 27.
- The capesize index slipped further by 20 points to -348, its lowest on record.
- The panamax index rose 10 points, or 1.1%, to 915, registering its 18th straight session of gains.
- The supramax index gained 15 points to 621.
The Baltic Exchange’s main sea freight index inched up on Monday as the strong demand for panamax and supramax vessels continue, reports Yahoo Finance.
Firm Panamax, Supramax rates
- The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, edged up 4 points to 539, its highest since Jan. 27.
Capesize
- The capesize index slipped further by 20 points to -348, its lowest on record.
- Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes including iron ore and coal, declined by $102 to $2,172.
Panamax
- The panamax index rose 10 points, or 1.1%, to 915, registering its 18th straight session of gains.
- Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000-70,000 tonnes, increased by $85 to $8,232.
Supramax
- The supramax index gained 15 points to 621.
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Source: Yahoo Finance
