The Baltic Exchange’s dry bulk sea freight index. BADI tracking rates for ships carrying dry bulk commodities extended gains on Tuesday, led by a jump in the Capesize vessel segment.
* The overall index. BADI, which factors in rates for Capesize, Panamax and Supramax shipping vessels, added 28 points, or 1.5%, to 1,947 points, its highest since July 15.
* On Monday, the main index registered its best day in 18 months on a jump in the Capesize vessel segment. SHP/BALTIC
* The capesize index. BACI jumped 101 points, or 3.1%, to 3,349 points, its highest level in two months.
* Average daily earnings for capesize vessels. BATCA, which typically transports 150,000-ton cargoes, such as iron ore and coal, increased by $839 to $27,774.
* The Panamax index. BPNI fell 5 points to 1,300 points and hit its lowest in over a year.
* Average daily earnings for Panamax vessels. BPWT, which usually carries about 60,000-70,000 tons of coal or grain cargo, decreased by $45 to $11,703.
* Dalian iron ore futures logged their sharpest daily drop in almost two years as bleak economic data from top consumer China clouded the demand outlook, while firm global supply also weighed on prices.
* Among smaller vessels is the Supramax index. BSIS was down 9 points at 1,280.
Source: XM
