The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday supported by firmer rates for capesize vessels.
* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 12 points, or 0.84 percent, to 1,445 points.
* On a weekly basis, the index rose for a third week, gaining 3.9 percent this week.
* The capesize index climbed 39 points, or 1.8 percent, to 2,223 points.
* Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, rose by $268 to $18,244.
* The panamax index shed 3 points, or 0.2 percent, to 1,495 points.
* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, was down $23 to $12,007.
* The supramax index inched up by 2 points to 1,091 points.
Reporting by Sumita Layek in Bengaluru