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The Baltic Dry index continued to rise, due to the smaller vessel support
Source: China fertilizer net   Author:Lin Cheng   Time:2012-06-18   Read:854second  

 The Baltic Exchange dry bulk freight index .BADI Friday for the sixth consecutive trading days up because of a small ship activity increased.

The Baltic Dry Index rose 12 points to 924 points or1.32%. The index to measure iron ore, cement, grain, coal and chemical fertilizer resource transport costs.
Arctic Securities analyst Erik Nikolai Stavseth said:" we noticed a small ship market atmosphere more positive point"
Baltic Panama boat freight.BPNI index rose 1.82% to 1065points average profit increased 149to $8469. The ship usually carrying capacity of 6-7 million tons of goods is mainly coal and grain.
" Basically at this time of the year coal transport activity will support Panama ships." RS Platou market analyst Frode Morkedal said
Baltic Capesize freight.BACI index fell 14 points at 1148. Average profit fell186to $3471. Capesize ships usually carry a quantity to be 150000 tons of goods is mainly iron ore and coal.
Handy size and super Handymax ship daily gain were increased to 9549and 11097 dollars.
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