Baltic index edges up as panamax, supramax gain

Belships ASA

11/02/2021 14:49

Feb 11 (Reuters) - The Baltic Exchange's main sea freight
index on Thursday gained after posting losses in the last three
sessions, as strong gains in panamax and supramax vessel rates
countered a slide in the capesize segment. 
    * The Baltic dry index  .BADI , which tracks rates for
capesize,
panamax and supramax vessels ferrying dry bulk commodities, rose
10 points, or 0.8%, to 1,313. 
    * The capesize index  .BACI  dropped 53 points, or 4.1%, to
an
over two-month low of 1,243. The index slipped for a 16th
consecutive session. 
    * ​Average daily earnings for capesizes, which typically
transport
150,000-tonne cargoes such as iron ore and coal, fell $437 to
$10,312. 
    * The panamax index  .BPNI  was up 74 points, or 4.1%, at
1,871, a
peak since mid-October, 2019. 
    * Average daily earnings for panamaxes, which usually carry
coal
or grain cargoes of about 60,000 tonnes to 70,000 tonnes, rose
$666 to $16,838.
    * The supramax index  .BSIS  added 22 points to 1,197, its
highest
level since Oct. 24, 2019.


 (Reporting by Bharat Govind Gautam in Bengaluru;
Editing by Vinay Dwivedi)
 ((BharatGovind.Gautam@thomsonreuters.com; +91-80-6182-3021/
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