Photo: Shutterstock/Volodymyr Kyrylyuk

June 16 (Reuters)– The Baltic Exchange’s primary sea products index climbed to greater than a six-month high up on Tuesday, enhanced by more powerful need for capesize as well as panamax vessels.

* The Baltic completely dry index, which tracks prices for ships transporting completely dry mass assets as well as mirrors prices for capesize, panamax as well as supramax vessels, climbed 81 factors, or regarding 8.3%, to 1,054, its greatest becauseDec 24.

* The Baltic capesize index leapt 206 factors, or around 12.5% to 1,854, its greatest becauseDec 24.

* Iron ore future in China gotten on Tuesday, on durable need from China’s steel mills as well as issues over supply.

* “The gradual re-opening of all countries and the intensified interest for restocking have given a boost to the dry bulk market,” Allied Shipbroking claimed in a regular note on Monday.

* Average everyday profits for capesizes, which normally carry freights of 170,000 tonnes to 180,000 tonnes, consisting of iron ore as well as coal, enhanced by $1,489 to $14,786.

* The panamax index acquired 65 factors, or 7.4%, to 949.

* Average everyday profits for panamaxes, which normally lug coal or grain freights of regarding 60,000 tonnes to 70,000 tonnes, climbed $586 to $8,545.

* The supramax index climbed 12 factors, or 2%, to 624. (Reporting by Anjishnu Mondal; Editing by Ramakrishnan M.)

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