Baltic index up for 13th straight session

The Baltic Exchange’s main sea freight index rose for a 13th straight session on Tuesday, helped by an uptick in demand across vessel segments.

The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, gained 10 points, or 1.9%, to 549, its highest since Jan. 24.

The capesize index edged up 2 points to -346, snapping six-day losing streak.

Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes including iron ore and coal, increased $25 to $2,197.

The panamax index climbed 20 points, or 2.2%, to 935, registering its 19th straight session of gains.

Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000-70,000 tonnes, gained $187 to $8,419.

The supramax index rose 12 points to 633.
Source: Reuters (Reporting by Brijesh Patel in Bengaluru; Editing by Amy Caren Daniel)