The Baltic Change’s dry bulk sea freight index rose on Friday and posted a second consecutive weekly achieve on the again of stronger demand throughout vessel segments.
The general index, which components in charges for capesize, panamax and supramax delivery vessels, rose to an over three-weeks excessive because it added 62 factors, or 3.5%, to 1,820. It was up 10.8% this week.
The capesize index added 99 factors, or 3.7%, to 2,763. The index rose 6.8% for the week.
Common each day earnings for capesize vessels, which generally transport 150,000-tonne cargoes carrying commodities equivalent to iron ore and coal, gained $817 to $22,913.
Dalian iron ore futures dropped as property woes in China continued to linger and on information of a restrict on buying and selling volumes, although losses had been restricted by indicators of recovering metal demand.
The panamax index rose 74 factors or 4.1%, to 1,874 and gained 22.5% for the week.
Common each day earnings for panamax vessels, which normally carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, added $672 to $16,868.
Amongst smaller vessels, the supramax index was up 27 factors or 2.3% to 1,205. It rose 7.1% for the week.
Some 151 ships have used Ukraine’s new Black Sea delivery hall because it was arrange in August, the Interfax-Ukraine information company reported on Friday, citing a senior authorities official.
(Reuters – Reporting by Hissay Ongmu Bhutia)
