Feb 16 (Reuters) – The Baltic Exchange’s primary sea freight index, monitoring charges for ships carrying dry bulk commodities, rose on Tuesday, on positive factors throughout all vessel segments.

The total index, which gauges the price of delivery assets together with iron ore, cement, grain, coal and fertiliser, rose 6 factors or 2.03 p.c to 301 factors.

The index touched an all-time low of 290 factors on Wednesday, marking the bottom stage since data started in 1985.

The sector has been significantly harm by slower Chinese enterprise at a time when the market is fighting large vessel overcapacity.

The index ticked up this week on optimism over a revival of demand for some commodities in China similar to Iron Ore.

The capesize index was up 19 factors at 223 factors.

Average each day earnings for capesizes, which generally transport 150,000-tonne cargoes similar to iron ore and coal, rose $84 to $2,805.

The panamax index was up 12 factors, or 3.59 p.c, at 346 factors. Average each day earnings for panamaxes climbed $95 to $2,772.

Among smaller vessels, the supramax index gained 5 factors to 252 factors, whereas the handysize index was up one level at 184 factors. (Reporting by Apeksha Nair in Bengaluru, enhancing by Susanna Twidale)

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