The Baltic Exchange’s dry bulk sea freight index edged up to hit a one-month high on Tuesday, as gains in the Panamax and Supramax vessels overshadowed a decline in the larger Capesize vessel segment.
The overall index, which factors in rates for Capesize, Panamax and Supramax shipping vessels, was up 3 points, or 0.2%, at 1,632 points, its highest since Jan. 10.
The Capesize index lost 48 points or 2%, to 2,409, falling for the first time in three sessions.
Average daily earnings for Capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal decreased by $397 to $19,981.
The Panamax index.BPNI hit its highest since Jan. 4, adding 25 points or 1.5%, to 1,706 points.
Average daily earnings for Panamax vessels, which usually carry about 60,000-70,000 tons of coal or grain cargo, were up by $220 at $15,352.
Among smaller vessels, the supramax index rose for a fifth straight session, scaling its highest level since Jan. 10. It gained 39 points at 1,129 points,
Source: Hellenic Shipping News
