The Baltic Exchange dry bulk freight index .BADI Friday for eleventh consecutive days up due to the Panama ship freight rates rising.

The Baltic Dry Index gained 6 points or 0.55% to 1090. The index is a measure of iron ore, coal and grain, cement, fertilizer and other resources of the transport costs.

Baltic Panama boat freight rate index .BPNI on 22 points, or about 2.22% to 1013.

Panama ship daily profit grew 178 to $8091. The ship usually carrying capacity of 6-7 million tons of goods is mainly coal and grain.

RS Platou Markets analyst Frode Morkedal said " the Atlantic freight is still subject to tight supply support in vessels "

Baltic Capesize freight.BACI index fell 1.29% to 2288. The average profit fell 129 to $16412.

Morkedal said Asian holidays mean Cape-based ship chartering less activity.

Iron ore accounted for Capesize vessel volume 1/3 brokers said the price trend is still affecting the bulk transport is one of the important factors.

" The market is fatigued and weak because China is slowing imports " Morkedal said.

Handysize ships daily profits rose 101 to $6357. Super Handymax ship daily profits rose 80 to $7566.

" Dry bulk freight is usually at the end of the 11 top slipped until February Chinese lunar new year marked freight began seasonal rise "

The Baltic Dry Index this year has dropped to about 37%. overall