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Baltic Dry Index rose for four days by lower fuel costs to support
Time:2011-08-16   Read:995second  

Baltic Exchange Dry Freight Index. BADI fourth consecutive day of gains on Monday by order of iron ore to China and lower fuel costs, the support ship. 
   
Brokers said the financial shock heating, bank financing and tight supply of ships the impact of rapid increase in the coming months will be so dry bulk freight rates remain under pressure. 
   
Baltic Dry Index rose 1.48% or 19 points to 1306 points. 
   
Earlier this month, the index hit a losing streak of more than three months after the 18 day minimum. The trend has been unstable this year the index has fallen nearly 30%. 
   
"Brazil - China's profitability has been very resilient and lower prices of marine fuel to help improve profitability" Cantor Fitzgerald said. 
   
Baltic Capesize index. BACI rose 1.03% on average earnings rising to $ 11,024. Capesize normal carrying capacity is 15 million tonnes of cargo, iron ore and coal. 
   
"Capesize bulk carrier of interest is beginning to support increased freight" broker Lorentzen & Stemoco said. 
    
Baltic Panamax freight index. BPNI rose 1.38% on average this type of ship for the $ 12,321 profit. The vessels are usually 6-7 ten thousand tons carrying capacity of the main cargo of coal and grain. (Dai Suping)

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