# Stronger demand across vessels lifts Baltic index to over 1-month high

> The Baltic Panamax index rose 84 points, or 2.7%, to 3,212, its eleventh straight session of gains. Average daily panamax earnings increased by $750 to $28,904 on stronger demand across vessel sizes.

- Date: 2021-12-06 · published 2021-12-06T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/43485-stronger-demand-across-vessels-lifts-baltic-index-to-over-1-month-high
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Rising Panamax earnings signal tighter bulk capacity, which raises the cost of moving grain and soybeans and supports freight-driven price pressure.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/asia/stronger-demand-across-vessels-lifts-baltic-index-over-1-month-high-2021-12-06/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.