Baltic index edges up on higher panamax, supramax rates
June 22 (Reuters) - The Baltic Exchange’s main sea freight index inched higher on Monday, helped by stronger demand for panamax and supramax vessels.
* The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose 3 points to 1,558, its highest since Dec. 6.
* The index on Friday posted its biggest weekly gain ever, underpinned by a rebound in global commodities trading as iron ore demand from China picked up.
* The Baltic capesize index fell from a nine-month high by 28 points, or 0.7%, to 3,791.
* The index soared 150% last week and has rebounded by 3,743 points after turning negative for the second time this year in May, buoyed by a sharp pick-up in iron ore demand from China.