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

Liebherr USA Appoints New Divisional Director

Liebherr USA Appoints New Divisional Director

Port Houston Surpasses Three Million TEUs

Port Houston Surpasses Three Million TEUs

Trump, Xi Pause Port Fees on Each Other's Vessels

Trump, Xi Pause Port Fees on Each Other's Vessels

US Grants India Sanctions Waiver to run Iranian Port

US Grants India Sanctions Waiver to run Iranian Port

Subscribe for Maritime Logistics Professional E‑News

FAA delays flights as shutdown enters Day 31
US probes near-miss between Southwest Airlines jet, helicopter
Hoi An, Vietnam's ancient city, is working to rebuild tourism following devastating floods