Baltic Index Snaps Eight-session Losing Streak

Posted by Michelle Howard
Tuesday, July 11, 2017
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday to snap an eight-day losing streak, boosted by improved rates across all vessel segments.

The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 10 points, or 1.22 percent, at 830 points.

The capesize index gained 25 points, or 3.42 percent, at 755 points.

Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were up $219 at $6,524.

The panamax index rose 8 points, or 0.75 percent, at 1,069 points.

Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, increased $59 to $8,575.

Among smaller vessels, the supramax index rose 4 points at 733 points, while the handysize index rose 3 points to 477 points.
(Reporting by Karen Rodrigues in Bengaluru)
Categories: Bulk Carriers Logistics Finance

Related Stories

Panama President: Future Port Contracts Will Not Be Issued to a Single Operator

WCI Confers Leadership Awards

Turkey Tenders to Import 255,000 Metric Tons of Feed Barley

Current News

Maersk’s 2025 Report: Some Records and Some Lay Offs

Panama President: Future Port Contracts Will Not Be Issued to a Single Operator

Cuba-Related Tanker Loads Gas Cargo in Venezuela

2027 Set as Operational Start of Petronor E-Fuels Plant at Port of Bilbao

Subscribe for Maritime Logistics Professional E‑News