Baltic index gains as capesize sees best day in nearly two months

Kitco Media
By Reuters
Published:
Updated:
Reuters
Feb 13 (Reuters) - The Baltic Exchange's main sea freight index , tracking rates for ships carrying dry bulk commodities, rose to a one-week high on Monday as capesize vessels segment logged its biggest single-day gain since mid-December.
* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 14 points, or about 2.3%, at 616.
* The capesize index gained 48 points, or about 9.9%, to 534, hitting a two-week high.
* Average daily earnings for capesizes , which typically transport 150,000-tonne cargoes such as iron ore and coal, gained $399 to $4,432.
* The panamax index fell 1 point to 863 points.
* Average daily earnings for panamaxes , which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, were down $15 at $7,764.
* The supramax index was down 3 points at 625 points. (Reporting by Harshit Verma in Bengaluru; Editing by Shweta Agarwal)

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