The Baltic Exchange's dry bulk sea freight index .BADI, tracking rates for ships carrying dry bulk commodities, rose on Monday as firm capesize vessel rates snapped a four-session long losing streak.
* The overall index .BADI, which factors in rates for capesize, panamax and supramax shipping vessels, was up 26 points, or 1.1%, at 2,509.
* The capesize index .BACI added 139 points, or 3.3%, to 4,398.
* Average daily earnings for capesizes .BATCA, which typically transport 150,000-tonne cargoes such as iron ore and coal, added $1,155 to $36,475.
* Iron ore futures fell on downbeat investor sentiment due to disappointing data in top consumer China as well as falling demand for the key steelmaking ingredient. IRONORE/
* The panamax index .BPNI lost 55 points, or 2.6%, at 2,049, its lowest level since Nov. 23.
* Average daily earnings for panamaxes .BPWT, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, decreased $494 to $18,438.
* Among smaller vessels, the supramax index .BSIS was down 15 points to 1,506.
Source: Reuters
