Baltic Index sails to over one-month high

Kitco Media
By Reuters
Published:
Updated:
Reuters
Feb 27 (Reuters) - The Baltic Exchange's main sea freight index rose to the highest in more than a month on Monday, as rates for all vessel segments extended their rally.


* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 52 points, or about 5.9%, at 935.
* The capesize index rose 65 points, or about 10.2%, to 701, marking its sixth straight session of gains.
* Average daily earnings for capesizes , which typically transport 150,000-tonne cargoes such as iron ore and coal, gained $544 at $5,815.
* The panamax index , up for the fifth straight session, gained 46 points, or 3.6%, at 1,317.
* Average daily earnings for panamaxes , which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, were up $414 at $11,853.
* Among smaller vessels, the supramax index rose 54 points to 1,050. (Reporting by Harshit Verma in Bengaluru; Editing by Shilpi Majumdar)

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