The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, was unchanged on Monday as vessel rates across all segments held steady.

The main index, which factors in rates for capesize, panamax and supramax shipping vessels, was flat at 2,069 points.

The capesize index rose seven points, or 0.2%, to 3,128 points, its highest in a week.

Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal, increased by $62 to $25,944.

Iron ore futures prices fell on Monday, as a batch of downbeat data in top consumer China sparked concerns over demand prospects for the key steelmaking ingredient.

The panamax index rose for its tenth straight session, adding two points to 1,829 points.

Average daily earnings for panamax vessels, which usually carry 60,000-70,000 tons of coal or grain, rose by $14 to $16,460.

Among smaller vessels, the supramax index fell six points to 1,422 points.
Source: Reuters