Baltic Dry Index Snaps Seven-session Winning Streak

Friday, June 18, 2021

The Baltic Exchange's main sea freight index snapped a seven-session winning streak on Friday as capesize rates declined, but was up for the second straight week.

The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, fell 49 points, or 1.5% to $3,218.

The main index was up more than 12% for the week.

The capesize index was down 183 points, or 4.3% at $4,029, also breaking a seven-session winning streak, but gained 20.4% for the week.

Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of coal and steel-making ingredient iron ore, decreased $1,515 to $33,415.

The panamax index was down 14 points, or 0.4% at $3,544, but gained 7.3% for the week.

Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,00 tonnes, fell $125 to $31,897.

The supramax index rose 48 points to $2,802, its highest level on record as per Refinitiv Eikon data available since 2017.


(Reporting by Nishara Karuvalli Pathikkal)

Categories: Bulk Carriers

Related Stories

Mammoet, Port of Argentia Plan Floating Dry Dock, Marine Repair Facility

Port Innovation Congress Draws Record Attendees to Valencia

Anglo-Eastern: World-First Ammonia-Powered Bulk Carrier Enters Service

Current News

QatarEnergy to Ship LNG Cargo to Orlen Next Month

Mammoet, Port of Argentia Plan Floating Dry Dock, Marine Repair Facility

Port Innovation Congress Draws Record Attendees to Valencia

HD Hyundai, Kiewit Team Up to Build New US Shipyard

Subscribe for Maritime Logistics Professional E‑News