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Strong demand across vessel segments powers Baltic index higher

·1 min read

Sept 14 (Reuters) - The Baltic Exchange's main dry bulk sea freight index rose for a fourth straight session on Tuesday, propelled by higher rates across vessel segments.

* The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, rose 58 points, or 1.4%, to 4,221, its highest in more than two weeks.

* The capesize index added 94 points, or 1.5%, to 6,474, its highest since March 2009.

* Average daily earnings for capesizes, which transport 150,000-tonne cargoes such as iron ore and coal, increased by $784 to $53,692.

* Chinese coking coal and coke futures closed more than 5% lower on Tuesday, falling for a third straight session on concerns over more government controls to stabilise prices and ensure supplies.

* The panamax index rose for a fourth straight session, adding 62 points, or 1.7%, to 3,756.

* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, increased by $554 to $33,803.

* Among smaller vessels, the supramax index rose for the second straight session by 30 points to 3,210. (Reporting by Rahul Paswan in Bengaluru; Editing by Aditya Soni)