Dec 18 (Reuters) – The Baltic Exchange’s primary sea freight index, which tracks charges for ships carrying dry bulk commodities, rose on Friday after reaching an all-time low on Wednesday.

The total index rose 6 factors, or 1.27 %, to 477 factors, helped by regular demand for greater delivery vessels.

The index, which gauges the price of delivery cargoes together with iron ore, cement, grain and coal, and is seen by traders as an indicator of worldwide industrial exercise, touched an all-time low of 471 factors on Wednesday and had remained flat on Thursday.

Chinese imports of coal and iron ore have remained weak in latest months and worries over the well being of the worldwide economic system have additionally dented dry bulk delivery prospects.

The panamax index rose 5 factors, or 1.19 %, to 426 factors.

Average day by day earnings for panamaxes, which often carry coal or grain cargoes of about 60,000 to 70,000 tonnes, rose $45 to $3,410.

The capesize index, remained unchanged at 524 factors on Friday. However, common day by day earnings for capesizes rose $182 to $5,190. Capesizes usually transport 150,000 tonne cargoes similar to iron ore and coal.

Among smaller vessels, the handysize index dropped one level to 273 factors, and the supramax index rose one level to 449. (Reporting by Koustav Samanta and Nithin Prasad in Bengaluru, enhancing by David Evans)

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