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The Baltic Dry index rose due to increased transport activity
Source:Chinese fertilizer   Time:2012-06-21   Read:836second  

 The Baltic Exchange Dry Freight Index. The BADI rose dry bulk shipping industry due to the Atlantic and Pacific are increasing. 

The Baltic Dry Index rose 18 points, or 1.89 percent, to 972 points. The index measures the transportation costs of iron ore, cement, grain, coal and fertilizer resources. 
Baltic Panamax freight index. BPNI 31-8699 U.S. dollars rose 0.37% to 1089 the average daily profit. 
"Two-ocean waters showed a good upward trend due to the increase in transport activity Intermodal Shipbrokers George Lazaridis, said. 
But analysts expect the panamax index rally will be limited due to an increase in ship supply will have an impact and curb market again. 
"We believe that further gains were limited due to high coal inventories hurt demand for vessel supply to create pressure on the RS Platou Markets analyst Herman Hildan. 
Handymax and supramax average daily profit rose to 10,111 and $ 11,980 is mainly affected by the Atlantic waters turnaround stimulation. 
The Baltic Capesize index. BACI rose five points to 1145 the average daily profit rose 66-3486 U.S. dollars, but its rate is still at extremely depressed levels very close to a year low. 
Analysts expect the the Capesize the near to medium term will remain under pressure due to China's iron ore chartering activity is relatively light and the current ship excess supply.
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