Baltic trade and shipping exchange dry bulk freight index Monday even up the seven trading days, Capesize vessels and other various shipping activity has improved.
Overall dry bulk freight index rose 21 points, or about 4.67%, at 471 points. The index measures the transportation costs of iron ore, cement, grain, coal and fertilizer and other resources.
The Baltic Sea Capesize freight index surged 79 points or about 22.9%, reported 424 points, the index since March 7, after hitting an all-time low 161 points has soared more than 160%. Average daily gains of up to $3512, $499. The usual carrying capacity of this type of ship is 150 thousand tons.
Baltic Sea Freight Index rose 28 points, or 5.23%, at 563 points, the highest so far this year. Average daily gains of up to $4497, $222. The usual carrying capacity of this type of ship is 6-7 tons.
Supramax ship freight index rose 3 points to 479 points. The Baltic Handymax freight index rose 2 points, at 274 points.