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The Baltic Exchange's main dry bulk index rose 9 points to 1,486, led by a 5.1% jump in the capesize index to 3,259. The panamax index fell 2.76% to 1,515, with average panamax earnings down $345 a day to $12,163.
Lower panamax earnings reduce the freight cost pressure on grain cargoes of 60,000-70,000 tonnes, while capesize strength mainly reflects iron ore and coal demand rather than feed grains.
maritimes.grdevdigihartNov 9, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
