The Baltic Index extends the profits at a higher level on a larger ship

The Baltic Exchange Baltic Sea Transport Index, which monitors tariffs for ships moving dried bulk commodities, reaches the highest level of more than one month on Wednesday, driven by price increases in all segments of the Castesize and Panamax Vessel.

The main index, the factors in the tariff for shipping shipping ships, Panamax and Supramax, increased by 33 points, or 1.6%, to 2,112 points, the highest level since July 28.

Meanwhile, the Castesize Index rose to a height of more than three weeks, adding 55 points, or 1.8%, to 3,071 points, the highest since August 18.

The average daily income for cottonation vessels, which usually transports 150,000 tons of cargo such as iron ore and coal, adds $ 448 to $ 25,465.

Iron ore with a time-spending on Wednesday, due to some profit retrieval and inflation data that is weaker than estimates in China leading consumers, although demand bets have increased along with the start of production between factories that curb losses.

The Panamax index rose 52 points, or 2.7%, to 1,975 points, reaching the highest since July 15.

The average daily income for Panamax ships, which usually carry 60,000-70,000 tons of coal or seeds, increased $ 467 to $ 17,778.

Among the smaller ships, the Supramax index rose 5 points, or 0.3%, to 1,478 points.
Source: Reuters