Sept 7 (Reuters)– The Baltic Exchange’s major sea products index, monitoring prices for ships lugging completely dry mass assets, touched a close to 5-month high up on Thursday, driven by more powerful need throughout vessel sections.

The total index, which consider prices for capesize, panamax, supramax and also handysize delivery vessels, climbed 46 indicate 1,296 factors, a degree last discussed April 13.

The 3.68 percent dive was its greatest in a solitary day becauseAug 11.

The capesize index climbed up 176 factors, or 7.22 percent, to 2,614 factors, a top not strike because late March.

“Capesize rates are gapping up yet again with global earnings bumping up to around $19,400/day fueled by strong activity levels in the North Atlantic market,” Clarksons Platou Securities experts stated in a note.

Average day-to-day incomes for capesizes, which generally deliver 150,000-tonne freights such as iron ore and also coal, boosted $1,218 to $19,449.

The panamax index was up 37 factors, or 2.82 percent, at 1,351 factors.

Average day-to-day incomes for panamaxes, which generally bring coal or grain freights of concerning 60,000 to 70,000 tonnes, boosted $294 to $10,840.

Among indexes tracking prices for smaller sized vessels, the supramax index climbed 7 indicate 875 factors, while the handysize index climbed 5 indicate 499 factors. (Reporting by Karen Rodrigues in Bengaluru; Editing by Savio D’Souza)

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