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

Teamwork Required to Thwart Illegal Wildlife Trade

Teamwork Required to Thwart Illegal Wildlife Trade

Longer Sailing Distances Boost Bulker Demand

Longer Sailing Distances Boost Bulker Demand

Laura DiBella Designated as Chairman of FMC

Laura DiBella Designated as Chairman of FMC

Port of Los Angeles Appoints Christopher Chase as Director of Cargo Marketing

Port of Los Angeles Appoints Christopher Chase as Director of Cargo Marketing

Subscribe for Maritime Logistics Professional E‑News

Niger's military leader accuses France of funding airport attack
Royal Caribbean increases annual profit forecast due to strong demand; share prices jump
Historic Alexandria tramway to close ahead of contested overhaul