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Baltic index snaps 13-session losing streak as panamax gains

·1 min read

April 12 (Reuters) - The Baltic Exchange's dry bulk sea freight index snapped a 13-session losing streak on Tuesday, as gains in panamax outweighed losses in the capesize and supramax segments.

* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, edged up 4 points, or about 0.2%, to 2,035 points.

* The panamax index climbed 77 points, or about 2.8% to 2,862 points.

* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, increased $700 to $25,763.

* The capesize index slipped 27 points, or 1.9%, to 1,368 points, its lowest since early February.

* Average daily earnings for capesizes, which typically transport 150,000 tonne cargoes such as iron ore and coal, decreased by $218 to $11,348.

* The supramax index dropped 25 points to 2,448 points. (Reporting by Rahul Paswan in Bengaluru; Editing by Aditya Soni)

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