July 8 (Reuters) – The Baltic Exchange’s fundamental sea freight index, which tracks charges for ships carrying dry bulk commodities, rose additional on Friday as a result of robust demand for panamax vessels.

The general index, which components in charges for capesize, panamax, supramax and handysize delivery vessels, was up 4 factors, or 0.57 %, at 703 factors.

The capesize index was down 6 factors, or 0.6 %, at 1,002 factors.

Average each day earnings for capesizes, which generally transport 150,000-tonne cargo corresponding to iron ore and coal, fell $39 to $7,149.

The panamax index was up 13 factors, or 1.67 %, at 792 factors.

Average each day earnings for panamaxes, which normally carry coal or grain cargo of about 60,000-70,000 tonnes, elevated $96 to $6,327.

Among smaller vessels, the supramax index rose 3 factors to 647 factors and the handysize index gained 2 factors to 354 factors. (Reporting by Harshith Aranya in Bengaluru; Editing by Kirti Pandey)

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