Photo: Shutterstock/Volodymyr Kyrylyuk

Aug 9 (Reuters)– The Baltic Exchange’s primary sea products index increased on Friday, buoyed by an uptick popular throughout all vessel sectors, however still uploaded its 3rd straight week of losses.

* The Baltic index, which tracks prices for ships transporting completely dry mass products, increased 28 factors, or 1.6%, to 1,748 factors.

* The index on Thursday damaged a 12-session losing touch, however uploaded a 2.2% regular decrease on Friday.

* The capesize index obtained 41 factors, or 1.3%, to 3,222 factors. The index uploaded its 3rd straight week of decrease, down regarding 7.7%.

* Average day-to-day revenues for capesizes, which usually deliver 170,000 tonne-180,000 tonne freights such as iron ore and also coal, increased $240 to $24,022.

* “The second half of 2019 will be much better than the first half of 2019 as Vale continues to ramp up its iron ore production and exports, and scrubber installations continue to limit fleet availability,” Jefferies stated in a note.

* Vale’s resumption of manufacturing at Brucutu, its biggest mine in the state of Minas Gerais, pressed Brazil’s iron ore exports to the highest degree in 9 months in July, information revealed recently.

* The panamax index obtained 59 factors, or 3.2%, to 1,898 factors, greatest in greater than a week. The index has actually increased 6.7% today, its initial regular gain in 3.

* Average day-to-day revenues for panamaxes, which generally bring coal or grain freights of regarding 60,000 tonnes to 70,000 tonnes, increased $468 to $15,169.

* The supramax index was up 11 factors at 970 factors. (Reporting by Shreyansi Singh in Bengaluru; Editing by Maju Samuel)

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