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Baltic index increases as rates climb up across vessel segments

The Baltic Exchange's dry bulk sea freight index, tracking rates for ships carrying dry bulk products, climbed up back on Thursday after signing up 2 consecutive sessions of losses, supported by higher rates throughout vessel sectors.

* The overall index, which factors in rates for panamax, supramax and capesize shipping vessels, was up 75 points or about 3.5% to 2,251 points.

* The capesize index, acquired 210 points, or 5.6%, to 3,979.

* Average everyday earnings for capesize vessels, which typically carry 150,000-ton cargoes such as iron ore and coal, increased by $1,736 to $32,996.

* Iron ore futures rose after remarks from authorities in top customer China revived hopes for more stimulus measures, although weak fundamentals restricted cost upside space for the secret steelmaking component.

* The panamax index added 17 points, or about 1%, to 1,840 points, touching greatest level in over 2 months.

* Typical everyday incomes for panamax vessels, which generally carry about 60,000-70,000 lots of coal or grain freight, were up $149 at $16,556.

* Amongst smaller vessels, the supramax index, edged up by 5 indicate 1,317 points. It increased for a seventeenth directly session.

* India's navy left all 20 crew from a stricken vessel in the Red Sea, after a Houthi attack eliminated three seafarers in the first civilian deaths from the Yemeni group's campaign against the essential shipping route.

(source: Reuters)