U.S. Markets open in 9 hrs 29 mins
  • S&P Futures

    4,109.00
    -14.00 (-0.34%)
     
  • Dow Futures

    33,889.00
    -107.00 (-0.31%)
     
  • Nasdaq Futures

    13,163.00
    -49.00 (-0.37%)
     
  • Russell 2000 Futures

    2,201.40
    -6.50 (-0.29%)
     
  • Crude Oil

    64.76
    -0.73 (-1.11%)
     
  • Gold

    1,869.70
    +1.70 (+0.09%)
     
  • Silver

    28.45
    +0.14 (+0.50%)
     
  • EUR/USD

    1.2237
    +0.0010 (+0.0857%)
     
  • 10-Yr Bond

    1.6420
    +0.0020 (+0.12%)
     
  • Vix

    21.34
    +1.62 (+8.22%)
     
  • GBP/USD

    1.4186
    -0.0001 (-0.0057%)
     
  • USD/JPY

    108.9150
    +0.0250 (+0.0230%)
     
  • BTC-USD

    40,567.21
    -4,213.98 (-9.41%)
     
  • CMC Crypto 200

    1,121.02
    -132.12 (-10.54%)
     
  • FTSE 100

    7,034.24
    +1.39 (+0.02%)
     
  • Nikkei 225

    28,021.88
    -384.96 (-1.36%)
     

Baltic index gains for 12th straight session as vessel demand rises

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

June 15 (Reuters) - The Baltic Exchange's main sea freight index rose for a twelfth straight session on Monday to its highest in more than five months on stronger demand across vessel sizes.

* The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose 50 points, or about 5.4%, to 973, its highest since Jan. 2.

* The Baltic capesize index jumped 125 points, or about 8.2% to 1,648, its highest since Dec. 24.

* Benchmark iron ore futures in China remained steady on Monday, as China's portside stockpiles fell, supporting prices amidst weakening demand.

* Inventories of the steel-making ingredient, dropped to 107.75 million tonnes last week, their lowest since October 2016 at Chinese ports, SteelHome consultancy data showed. <SH-TOT-IRONINV>

* Average daily earnings for capesizes, which typically transport cargoes of 170,000 tonnes to 180,000 tonnes, including iron ore and coal, increased by $887 to $13,297.

* The panamax index gained 32 points, or 3.8%, to 884.

* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, rose $294 to $7,959.

* The supramax index rose 15 points, or 2.5%, to 612. (Reporting by Anjishnu Mondal; Editing by Vinay Dwivedi)