Baltic Index Edges Up

February 11, 2021

© Zdenar Adamsen / Adobe Stock
© Zdenar Adamsen / Adobe Stock

The Baltic Exchange's main sea freight index on Thursday gained after posting losses in the last three sessions, as strong gains in panamax and supramax vessel rates countered a slide in the capesize segment.

The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 10 points, or 0.8%, to 1,313.

The capesize index dropped 53 points, or 4.1%, to an over two-month low of 1,243. The index slipped for a 16th consecutive session.

Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, fell $437 to $10,312.

The panamax index was up 74 points, or 4.1%, at 1,871, a peak since mid-October, 2019.

Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, rose $666 to $16,838.

The supramax index added 22 points to 1,197, its highest level since Oct. 24, 2019.


(Reporting by Bharat Govind Gautam; Editing by Vinay Dwivedi)

Logistics News

Chartwell Marine Secures Design Contract for Island Community Ferry

Chartwell Marine Secures Design Contract for Island Community Ferry

BIO-UV Group, Microwise to Tackle Port-Side Ballast Water Treatment

BIO-UV Group, Microwise to Tackle Port-Side Ballast Water Treatment

DCSA+ Welcomes Contship as New Terminal Partner

DCSA+ Welcomes Contship as New Terminal Partner

HII Names Daniel Marks Vice President of Contracts and Pricing at Ingalls Shipbuilding

HII Names Daniel Marks Vice President of Contracts and Pricing at Ingalls Shipbuilding

Subscribe for Maritime Logistics Professional E‑News

If Trump fails to restore funding, the New York City Tunnel project will cease work within days.
Boeing and Israel's Technion will develop sustainable aviation fuel as the sector struggles with its 2050 goal
Delta upgrades its long-haul fleet with 31 Airbus jets