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Baltic index scales 2-week peak as capesizes snap losing streak

·1 min read

Feb 15 (Reuters) - The Baltic Exchange's main sea freightindex climbed on Monday as capesize rates ended a 17-session runof losses and the panamax and supramax vessel segments achievedtheir highest levels since September 2019.

* The Baltic dry index, which tracks rates forcapesize,panamax and supramax vessels ferrying dry bulk commodities, rose25 points, or 1.9%, to 1,364, its highest since Feb. 2.

* The capesize index gained 19 points, or 1.5%, to1,261.

* ​Average daily earnings for capesizes, which typicallytransport150,000-tonne cargoes such as iron ore and coal, added $153 to$10,457.

* The panamax index was up 53 points, or 2.7%, at1,997,its highest level since mid-September, 2019.

* Average daily earnings for panamaxes, which usually carrycoalor grain cargoes of about 60,000 tonnes to 70,000 tonnes, wereup $480 to $17,976.

* The supramax index added 15 points to 1,232, itshighestlevel since Sept. 30, 2019.(Reporting by Bharat Govind Gautam in Bengaluru. Editing byJane Merriman)