Feb 17 (Reuters) – The Baltic Exchange’s essential sea freight index, monitoring charges for ships carrying dry bulk commodities, rose for the fourth consecutive session on Wednesday, on beneficial properties throughout most 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 1.99 % to 307 factors.

The index touched an all-time low of 290 factors on Feb. 10, marking the bottom stage since information started in 1985.

The sector has been significantly damage by slower Chinese enterprise at a time when the market is combating big vessel overcapacity.

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

The capesize index was flat at 223 factors.

Average day by day earnings for capesizes, which generally transport 150,000-tonne cargoes resembling iron ore and coal, fell$6 to $2,799.

The panamax index was up 11 factors, or 3.18 %, at 357 factors. Average day by day earnings for panamaxes climbed $90 to $2,862.

Among smaller vessels, the supramax index gained 7 factors to 259 factors, whereas the handysize index was up 2 factors at 186 factors. (Reporting by Nithin Prasad in Bengaluru)

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