The Baltic Bulk Shipping Index (BDI) rose to hit a one-month high on Tuesday as gains in panamax and supramax vessels overshadowed declines in the larger capesize segment.
The general index, which includes rates for capesize, panamax and supramax vessels, rose 3 points, or 0.2%, to 1,632, its highest since Jan. 10.
The capesize index lost 48 points, or 2%, to 2,409, falling for the first time in three sessions.
Average daily earnings for capesize vessels, which typically carry 150,000-tonne cargoes such as iron ore and coal, fell $397 to $19,981.
The panamax index hit its highest since Jan. 4, adding 25 points, or 1.5 percent, to 1,706.
Average daily earnings for panamax ships, which typically carry about 60,000-70,000 tonnes of coal or grain cargoes, rose $220 to $15,352.
Among smaller vessels, the supramax index rose for a fifth straight session, hitting its highest level since January 10. He won 39 points out of 1129 points,
The European Union on Monday launched a naval mission in the Red Sea "to restore and protect freedom of navigation" there.
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