BUZZ-Dry bulk shippers: Higher capesize rates boosts stocks, index

martes 21 de octubre de 2014 11:43 GYT

** Higher capesize rates pushes Baltic's capesize index up 32.5 pct, its biggest intraday jump this century

** Rates helped by an influx of iron ore cargoes from Australia along with more bookings from Brazil

** Higher capesize rates push up the stocks of Dry bulk shippers

** Baltic Trading Ltd up 14.6 pct; Star Bulk Carriers Corp up 6 pct; DryShips Inc up 6.8 pct; Diana Shipping Inc up 5 pct

** Navios Maritime Holdings Inc up 10 pct; Paragon Shipping Inc up 7.3 pct; Knightsbridge Shipping Ltd up 4 pct

** Rates also push Baltic Exchange's main sea freight index up 12 pct, on track for its best day since February 2009

** The index, which tracks rates for ships carrying dry bulk commodities, trades up for the third day after ending 12 consecutive session lower