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June 18 (Reuters) \u2013 The Baltic Exchange\u2019s main sea freight index marked its largest single-day percentage rise on Thursday, as capesize vessel segment rates jumped 50% on strong iron ore demand.<\/p>\n
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* The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose 281 points, or about 22.6%, to 1,527, its highest since Dec. 10.<\/p>\n
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* The Baltic capesize index jumped 1,217 points, or 49.6%, to 3,672, its highest since Sept. 25.<\/p>\n
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* Average daily earnings for capesizes, which typically transport cargoes of 170,000 tonnes to 180,000 tonnes, including iron ore and coal, increased by $6,244 to $25,280.<\/p>\n
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* Dalian iron ore has risen 32% in the second quarter, amidst worries about disruptions in Brazil\u2019s iron ore supply and hopes that China will step up its economic stimulus effort.<\/p>\n
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* Inventories of the steel-making ingredient have declined steadily over the past three weeks in China, dropping to 107.75 million tonnes last week, their lowest since October 2016, SteelHome consultancy data showed.<\/p>\n
<\/p>\n
* The panamax index rose 98 points, or 9.6%, to 1,117.<\/p>\n
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* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, rose $885 to $10,055.<\/p>\n
<\/p>\n
* The supramax index rose 14 points, or 2.2%, to 648. (Reporting by Anjishnu Mondal; Editing by Vinay Dwivedi)<\/p>\n
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(c) Copyright Thomson Reuters 2019.<\/em><\/p>\n gCaptain<\/p>\n","protected":false},"excerpt":{"rendered":" June 18 (Reuters) \u2013 The Baltic Exchange\u2019s main sea freight index marked its largest single-day percentage rise on Thursday, as capesize vessel segment rates jumped 50% on strong iron ore demand. * The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose …<\/p>\n","protected":false},"author":1,"featured_media":11905,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[1559,138,3077,2231,1560,2647,3200],"class_list":["post-11904","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-marine-world","tag-baltic","tag-capesizes","tag-day","tag-dry","tag-index","tag-record","tag-surge"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/11904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=11904"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/11904\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/11905"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=11904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=11904"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=11904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}