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Baltic index edges higher as panamax, supramax rates increase

·1 min read

May 11 (Reuters) - The Baltic exchange's main sea freight index extended gains for a second straight session on Tuesday, helped by firmer rates for the panamax and supramax segments.

* The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, increased by 14 points, or 0.4%, to 3,254.

* The capesize index fell by 41 points, or 0.8%, to 5,068.

* ​Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of coal and steel-making ingredient iron ore, decreased by $339 to $42,031.

* The panamax index gained 68 points, or 2.3%, to 3,082.

* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,00 tonnes, added $614 to $27,740.

* The supramax index was up 29 points at 2,245. (Reporting by Seher Dareen in Bengaluru; Editing by Maju Samuel)