Stronger Capesize Demand Propels Baltic Index Still Higher

December 10, 2018

File Image / Credit AdobeStock © Lucasz Z
File Image / Credit AdobeStock © Lucasz Z

The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, rose for the fifth straight session on Monday, buoyed by stronger capesize rates.

The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 13 points, or about 1 percent, to 1,385 points.

The capesize index climbed 2.1 percent, or 47 points, to 2,244 points, highest since Nov. 6. Average daily earnings for capesizes, which typically transport 170,000 tonne-180,000 tonne cargoes such as iron ore and coal, rose by $335 to $17,554.

The panamax index fell 5 points to 1,464 points. Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, declined by $41 to $11,707.

The supramax index edged up 2 points to 955 points.


Reporting by Brijesh Patel

Logistics News

Singapore Launches OCEANS-X to Advance Maritime Digital Connectivity

Singapore Launches OCEANS-X to Advance Maritime Digital Connectivity

USACE Releases Final FY2026 Great Lakes Maintenance Program

USACE Releases Final FY2026 Great Lakes Maintenance Program

Argentina Trucker Protest Delays at Least 10 Ships at Port Waiting to Load Grain

Argentina Trucker Protest Delays at Least 10 Ships at Port Waiting to Load Grain

DSV Delivers Petrochemical Columns to ORLEN

DSV Delivers Petrochemical Columns to ORLEN

Subscribe for Maritime Logistics Professional E‑News

Maguire: Five charts showing how the US clean electricity output continues to climb.
Investors assess the prospects for US-Iran Peace Talks and lower oil prices
Russian drones kill a railway worker in the south of Ukraine, according to deputy PM.