Feb 12 (Reuters) – The Baltic Exchange’s foremost sea freight index, monitoring charges for ships carrying dry bulk commodities, rose for the primary time this yr on Friday, helped by increased charges for panamax vessels.

However, the dry bulk market is anticipated to stay below stress as a dark outlook for world demand persists.

The general index, which gauges the price of transport sources together with iron ore, cement, grain, coal and fertiliser, marginally rose by some extent to 291 factors on Friday.

The index remained flat on Thursday after a 12 day shedding streak.

The index touched an all-time low of 290 factors on Wednesday, marking the bottom stage for the reason that information started in 1985.

The dry bulk sector has been significantly damage by slower Chinese enterprise at a time when the sector is fighting enormous overcapacity.

The capesize index was down 7 factors at 199 factors.

Average each day earnings for capesizes, which usually transport 150,000-tonne cargoes comparable to iron ore and coal, fell $58 to $2,698.

The panamax index was up 12 factors, or 3.85 p.c, at 324 factors. Average each day earnings for panamaxes have been up by $94 at $2,597.

Among smaller vessels each supramax index and handysize index slipped some extent to 243 and 183 factors respectively. (Reporting by Swati Verma in Bengaluru; Editing by Greg Mahlich)

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