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| Baltic Dry Index climbs to 677, up 17 points. |
| 2016-07-02 |
| Today, Friday, July 01 2016, the Baltic Dry Index climbed by 17 points, reaching 677 points. Baltic Dry Index is compiled by the London-based Baltic Exchange and covers prices for transported cargo such as coal, grain and iron ore. The index is based on a daily survey of agents all over the world. Baltic Dry hit a temporary peak on May 20, 2008, when the index hit 11,793. The lowest level ever reached was on Wednesday the 10th of February 2016, when the index dropped to 290 points. Source: Hellenic Shipping News Worldwide Baltic index rises for eighth straight session The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, continued its rise on Friday, for an eighth consecutive session, on stronger demand across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 17 points, or 2.58 percent, at 677 points. The capesize index rose 34 points, or 3.41 percent, to 1,030 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were up $243 at $7,353. The panamax index rose 29 points, or 4.38 percent, to 691 points. Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, increased $232 to $5,528. Among smaller vessels, the supramax index rose 8 points to 627 points, while the handysize index rose 2 points to 344 points. Source: Reuters (Reporting by Harshith Aranya in Bengaluru; Editing by Martina D’Couto) |
| Posted by:badanov |