Baltic Exchange’s main sea freight index snapped a five-session losing streak on Wednesday, reports YahooFinance.
Baltic freight index gain
Baltic Exchange’s main sea freight index , which tracks rates for ships carrying dry bulk commodities, snapped a five-session losing streak on Wednesday on the back of strength in the capesize vessel segment.
The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 62 points, or about 2%, to 3,241.
Capesize Index
- The capesize index was up 206 points, or 6.3%, at 3,499.
- Average daily earnings for capesizes, which typically transpo
- rt 150,000-tonne cargoes of coal and steel-making ingredient iron ore, increased by $1,709 to $29,018.
Panamax Index
- The panamax index eased 10 points, or 0.2% to 4,150.
- Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,00 tonnes, declined by $90 to $37,347.
Supramax Index
- The supramax index fell 11 points to 2,909.
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Source: YahooFinance
