Baltic Dry Index Hits 11-year High

June 28, 2021

© masterskuz55 / Adobe Stock
© masterskuz55 / Adobe Stock

Baltic Exchange's main sea freight index , tracking rates for ships carrying dry bulk commodities, hit a more than 11-year peak bolstered by firmer rates across vessel segments.

The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 69 points, or 2.1%, at 3,324, its highest level since June 2010

The capesize index edged up 34 points, or 0.9%, to 4,021.

Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, increased $279 to $33,348.

Iron ore futures in Asia rose on Monday, supported by a steady decline in portside stockpiles of the steelmaking ingredient in China.

The panamax index was up 185 points, or 5.1%, at 3,827 points, the highest since June 2010.

Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, rose $1,673 to $34,447.

Among smaller vessels, the supramax index rose 22 points to 2,899.


(Reporting by Eileen Soreng and Seher Dareen; Editing by Rashmi Aich)

Logistics News

Alleged Breach of Supply Chain Protection for Sheep in Jordan

Alleged Breach of Supply Chain Protection for Sheep in Jordan

Bipartisan Legislation Reintroduced to Protect Ports and Fund Inspections Facilities

Bipartisan Legislation Reintroduced to Protect Ports and Fund Inspections Facilities

Port Authority of Valencia Presents Strategic Plan 2035

Port Authority of Valencia Presents Strategic Plan 2035

KBR-SOCAR Joint Venture Secures Work for BP in Azerbaijan

KBR-SOCAR Joint Venture Secures Work for BP in Azerbaijan

Subscribe for Maritime Logistics Professional E‑News

US Senator calls for safety reforms following fatal crash between Army helicopter and regional jet
Air India resumes international flights after the June crash
Finnair's operating profit comparable falls in Q2