The maritime freight index of the Baltic Stock Exchange rose on Thursday at the 25th session, increasing demand for all ship segments.
* The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose 1,823, its highest since Oct. 17.
* The index has increased by 67.2% so far this year. This has increased due to the easing of coronavirus-induced deadlocks in industrial operations and the recovery in iron ore demand from China.
* Baltic capesize index increased by 31 points.
* However, the average daily earnings of capesize ships carrying dry cargo such as iron ore and coal with a cargo capacity of 170,000 tons to 180,000 tons increased.
* Panamax index increased by 2 points.
* The average daily earnings for panamaxes carrying a load of coal or grain from about 60,000 tons to 70,000 tons have risen.
* Supramax index increased by 7 points.