July 9 (Reuters)– The Baltic Exchange’s major sea products index increased to its highest possible in 11 months on Tuesday, driven by greater prices for bigger capesize vessels on solid need for delivery iron ore.

* The Baltic index, which tracks prices for ships transporting completely dry mass products, increased concerning 2%, or 34 factors, to 1,759, its highest possible given that very early August.

* The index increased 28% recently to upload its ideal week in virtually 5 years, generally driven by solid need for vessels that deliver iron ore from Brazil.

* The capesize index increased 83 factors, or 2.5%, to 3,343 factors.

* Average everyday profits for capesizes, which usually deliver 170,000 tonne-180,000 tonne freights such as iron ore and also coal, increased $545 to $26,367.

* Iron ore futures in China rose on Tuesday in the middle of solid need and also sticking around worries concerning supply.

* The panamax index increased 44 factors, or 2.6%, to 1,739 factors, its highest possible given thatOct 22.

* Average everyday profits for panamaxes, which generally bring coal or grain freights of concerning 60,000 tonnes to 70,000 tonnes, enhanced $352 to $13,886.

* The supramax index bordered 6 factors greater to 835 factors, its highest possible given thatJan 11. (Reporting by Nallur Sethuraman in Bengaluru;-RRB-

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