The Baltic Change’s dry bulk sea freight index, which displays charges for vessels shifting dry bulk commodities, snapped a four-session dropping streak on Friday, buoyed by an uptick in charges throughout all vessel segments.
* The primary index, which components in charges for capesize, panamax and supramax transport vessels, added 8 factors to 1,643 factors. Nonetheless, the index fell 2% for the week.
* The capesize index gained 6 factors to 2,676 factors, ending a five-session dropping streak, however was down near 7% for the week.
* Common every day earnings for capesize vessels, which usually transport 150,000-ton cargoes similar to iron ore and coal, rose by $51 to $22,190.
* Iron ore futures drifted decrease on Friday and had been headed for a weekly loss attributable to mounting issues over demand prospects in high shopper China amid an escalating world commerce warfare.
* The panamax index added 18 factors to 1,375.
* Common every day earnings for panamax vessels, which normally carry 60,000-70,000 tons of coal or grain, rose $162 to $12,379.
* Amongst smaller vessels, the supramax index was up 2 factors at 1,012 factors — a greater than four-month excessive. The index rose 9% for the week, its second consecutive weekly achieve.
(Reuters)
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