Stronger Capesize rates give Baltic dry bulk index a fresh nudge

Iron ore prices rose for a fourth straight session, helped by falling shipments and hopes of demand picking up seasonally in top consumer China, although elevated portside stocks and thin steel margins limited gains.

The Panamax index fell 17 points, or 0.7 per cent, to reach 2,414.

Average daily earnings for Panamax vessels fell $154 to $21,724.

The supramax index was up 11 points, or 0.7 per cent, to 1,693.

(Reporting by Katha Kalia in Bengaluru; Editing by Vijay Kishore)