The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, snapped a four-session losing streak on Friday, buoyed by an uptick in rates across all vessel segments.
The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, snapped a four-session losing streak on Friday, buoyed by an uptick in rates across all vessel segments.
* The main index, which factors in rates for capesize, panamax and supramax shipping vessels, added 8 points to 1,643 points. However, the index fell 2% for the week.
* The capesize index gained 6 points to 2,676 points, ending a five-session losing streak, but was down close to 7% for the week.
* Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal, rose by $51 to $22,190.
* Iron ore futures drifted lower on Friday and were headed for a weekly loss due to mounting concerns over demand prospects in top consumer China amid an escalating global trade war.
* The panamax index added 18 points to 1,375.
* Average daily earnings for panamax vessels, which usually carry 60,000-70,000 tons of coal or grain, rose $162 to $12,379.
* Among smaller vessels, the supramax index was up 2 points at 1,012 points — a more than four-month high. The index rose 9% for the week, its
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