Skip to main content

Baltic index slips as capesize rates fall

Published by , Editorial Assistant
Dry Bulk,


The Baltic Exchange’s main sea freight index has fallen, as a drop in rates for capesize vessels outweighed a rise in other vessel segments.

The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, fell seven points (0.4%) to 1551 points.

The capesize index dropped 31 points (0.9%) to 3242 points, marking its fourth straight session of losses. Average daily earnings for capesizes, which typically transport 170 000 – 180 000 t cargoes such as iron ore and coal, fell by US$259 to US$23 445.

The panamax index gained 12 points (0.9%) to 1359 points, logging its ninth consecutive session of gains. Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60 000 – 70 000 t, increased by US$100 to US$10 894.

The supramax index rose two points to 837 points, registering its 14th consecutive session of gains.

Read the article online at: https://www.drybulkmagazine.com/shipping/10122019/baltic-index-slips-as-capesize-rates-fall/

You might also like

 EnviroTech

Ready to revolutionise the cement industry?

Join our sister publication, World Cement, in Lisbon, 10 – 13 March 2024, for their first in-person conference and exhibition: EnviroTech.

This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.

Get your early bird tickets NOW »

 

EU council responds to Red Sea shipping crisis

The EU Council has launched EUNAVFOR ASPIDES. The objective of this defensive maritime security operation was to restore and safeguard the freedom of navigation in the Red Sea and the Gulf.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Panamax news Capesize news Supramax news