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Baltic Dry Index rose due to the increase in capesize rates
Time:2012-11-29   Read:834second  

Baltic Exchange dry bulk freight index. BADI Wednesday rose due to the increase in capesize rates. 

The Baltic Dry Index rose 0.64% to 1104 points The index measures the cost of transport of iron ore, cement, grain, coal and fertilizer, and other resources. 

The Baltic Panamax freight index. BPNI the decline 1.37% of average daily earnings falling 111-8052 U.S. dollars. 

The panamaxes decline due to the slowdown in activity. 

The Baltic's capesize index. BACI flat at 2275 points. The daily profit rise 215-16506 U.S. dollars. Usually this type of ship carrying capacity of 15 million tonnes of cargo, mainly iron ore and coal. 

"Brokers transporting iron ore from Australia to China capesize rates rose slightly by arbitrage trading support" RS Platou markets said in a report. 

Iron ore accounted for about one-third of the Capesize traffic broker said its price trend is still an important factor affecting the transportation of dry bulk. 

Average daily profit rose to to 47-6515 U.S. dollars. Handymax and Supramax vessels and average daily profit rose 98-7858 U.S. dollars. 

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