November 27, 2019 / 2:21 PM / 15 days ago

Baltic index gains on stronger vessel demand

Nov 27 (Reuters) - The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, inched up on Wednesday, helped by stronger demand across all vessel segments.

* The Baltic index, which tracks rates for capesize, panamax and supramax vessels, rose 14 points, or nearly 1%, to 1,440 points, after registering its biggest one-day percentage gain in four-and-a-half months on Tuesday.

* The capesize index jumped 30 points, or 1%, to 2,983.

* Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, rose $193 to $22,465.

* The panamax index inched up by 10 points to 1,121.

* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, rose $79 to $9,002.

* The supramax index rose 13 points to 796. (Reporting by Anjishnu Mondal in Bengaluru)

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