The Baltic Exchange's dry bulk freight index rose on Wednesday as higher rates across Capesize, Panamax and supramax vessels helped the benchmark recover further from a more than two-month low hit earlier this week.
The main Baltic index added 61 points, or 2.4 per cent, to reach 2,562. It hit its lowest since April 15 on Monday.
The Capesize index was up 144 points, or 4.1 per cent, at 3,692. Average daily earnings for Capesize vessels increased $1,303 to $29,981.
The Panamax index rose 23 points, or 1.1 per cent, to 2,177. Average daily earnings for Panamax vessels gained $208 to $19,591.
Among smaller vessels, the supramax index was up six points, or 0.4 per cent, at 1,673.
(Reporting by Sumit Saha in Bengaluru)