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

Russian Drone Hits Two Foreign-Flagged Vessels Near Odesa

Russian Drone Hits Two Foreign-Flagged Vessels Near Odesa

Turkey to Import 210,000 Metric Tons of Feed Barley

Turkey to Import 210,000 Metric Tons of Feed Barley

Senalia Expects Double Grain Shipments in 2025/26

Senalia Expects Double Grain Shipments in 2025/26

US Import Cargo Volume Expected to Remain Down Year-Over-Year Until Spring

US Import Cargo Volume Expected to Remain Down Year-Over-Year Until Spring

Subscribe for Maritime Logistics Professional E‑News

Four tankers, which had left Venezuela in "dark mode", are now back in its waters
Kyiv scrambles after Russian attack to repair the damaged power grid
Forgent Power, a manufacturer of electrical equipment, has revealed a surge in US IPO filings