
Baltic Dry Index at 5 1/2-Year High
Photo: Shutterstock/Volodymyr Kyrylyuk
Aug 28 (Reuters)– The Baltic Exchange’s primary sea products index increased to its greatest considering that December 2013 on Wednesday, pressed by solid need throughout all vessel groups, with the panamax index striking an eight-year high.
* The Baltic index, which tracks prices for ships transporting completely dry mass products, obtained 54 factors, or 2.4%, to 2,267, a height considering that December 2013.
* The capesize index leapt 131 factors, or 3.2%, to 4,213, its greatest in greater than a month.
* Average everyday revenues for capesizes, which commonly move 170,000-180,000 tonne freights such as iron ore and also coal, increased $1,066 to $32,182.
* The panamax index increased 17 factors, or 0.8%, to 2,235, a degree last seen 8-1/2 years earlier.
* Average everyday revenues for panamaxes, which typically lug coal or grain freights of regarding 60,000 tonnes to 70,000 tonnes, increased $137 to $17,897.
* The supramax index obtained 24 indicate 1,310, its greatest in greater than 5 years. (Reporting by Shreyansi Singh in Bengaluru;-RRB-
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