May 8 (Reuters)– The Baltic Exchange’s primary sea products index, monitoring prices for ships lugging completely dry mass assets, bordered up on Monday to break a 13-session losing touch, sustained by stronger need for capesize vessels.

The total index– which thinks about prices for capesize, panamax, supramax as well as handysize delivery vessels– was up 7 factors or 0.7 percent, to 1,001 factors.

The capesize index increased 91 factors, or 6.15 percent, the greatest one-day percent gain because mid-March, to 1,571 factors.

“… The capesize segment (is) seeing gains in both the physical and paper markets driven by some renewed strength in Pacific activity levels,” Clarksons Platou Securities experts stated in a note.

Average everyday profits for capesizes, which normally deliver 150,000-tonne freights such as iron ore as well as coal, were up $583 to $12,082.

The panamax index was down 14 factors, or 1.37 percent, at 1,009 factors.

Average everyday profits for panamaxes, which typically bring coal or grain freights of concerning 60,000 to 70,000 tonnes, reduced $113 to $8,112.

Among smaller sized vessels, the supramax index was down 12 factors at 799 factors, while the handysize index dropped 6 indicate 517 factors. (Reporting by Vijaykumar Vedala in Bengaluru; Editing by Shounak Dasgupta)

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