The Baltic Exchange’s dry bulk sea freight index (BADI) opened a new tab that rose for a fourth straight session on Tuesday as higher capesize rates offset losses in the Panamax and Supramax segments.
* The overall index, which factors in rates for capesize, Panamax, and supramax vessels, gained 22 points, or 1.6%, to 1,440.
* The capesize index (BACI) opens a new tab and rose 89 points, or 7.4%, to 1,297, its highest level in two weeks.
* Average daily earnings for capesizes, transporting 150,000-tonne cargoes such as iron ore and coal, rose by $738 to $10,753.
The panamax index (BPNI) opened a new tab and eased 17 points to 1,811, its lowest since April.
* Average daily earnings for panamaxes, which ferry 60,000-70,000 tonne coal or grain cargoes, fell $158 to $16,296.
* The supramax index (BSIS), which opens a new tab, fell 9 points to its lowest level since February 2021 at 1,578.
Source: Reuters
