Baltic index rises on strengthening Capesize and supramax rates

The Panamax index was down 27 points, or 1.4 per cent, at 1,847 points, but gained 4.4 per cent for the week and 11.3 per cent for the month. Average daily earnings for Panamax vessels fell $242 to $16,623.

Among smaller vessels, the supramax index climbed four points, or 0.3 per cent, to 1,465 points, up for the fourth straight week and logging a weekly gain of 2.9 per cent.

(Reporting by Pablo Sinha; Editing by Sahal Muhammed)