Baltic index scales over 8-month peak on higher rates across vessels
June 16 (Reuters) - The Baltic Exchange's dry bulk sea freight index, which tracks rates for vessels transporting dry commodities, rose to an eight-month peak on Monday due to higher rates across all vessel segments.
* The main index .BADI, which monitors rates for capesize, panamax and supramax shipping vessels, was up 7 points, or 0.4%, at 1,975, its highest since October 2.
* The capesize index .BACI added 9 points, or 0.2%, to 3,731, its highest level since July 2024.
* Average daily earnings for capesize vessels .BATCA, which typically transport 150,000-ton cargoes such as iron ore and coal, increased by $78 to $30,944.
* Iron ore futures prices edged up, supported by resilient demand for the steelmaking material, though U.S. steel tariff concerns capped gains. IRONORE/
* The panamax index .BPNI firmed another 9 points, or 0.6%, to 1,410, hitting over a ten-week high.
* Average daily earnings for panamax vessels .BPWT, which usually carry 60,000-70,000 tons of coal or grain, added $84 to $12,694.
* Among smaller vessels, the supramax index .BSIS gained 3 points to 939, a near two-week high.
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