Register now for the Port of the Future Conference • 2 Days, 50 Ports • Houston/Galveston area, TX • April 12–14, 2027

Baltic Index at 4-month Low on Weak Demand

November 4, 2019

AdobeStock / © Lucasz Z
AdobeStock / © Lucasz Z

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell to a four-month low on Monday, weighed down by easing rates across vessel segments.

The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 22 points, or 1.3%, to 1,675, its lowest since July 3.

The capesize index dropped 4 points, or 0.1% to 2,946 points, its lowest in more than a week. Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, fell $51 to $24,586.

The panamax index dropped 36 points, or 2.4%, to 1,477, its lowest since July 3. Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, fell $284 to $11,858.

The supramax index fell 40 points to 1,005.

Reporting by Shreyansi Singh

Logistics News

ARC Group Receives FEMA Award for Disaster-Relief Supply Deliveries

ARC Group Receives FEMA Award for Disaster-Relief Supply Deliveries

Strong Demand in India Flips Russian Urals to Premium

Strong Demand in India Flips Russian Urals to Premium

Decrepit Port Infrastructure has Vessels Stacked Off Venezuela

Decrepit Port Infrastructure has Vessels Stacked Off Venezuela

Ships Trickle Through Strait of Hormuz

Ships Trickle Through Strait of Hormuz

Subscribe for Maritime Logistics Professional E‑News

The parent company says that the Epstein-linked chairman of Malaysian Port Operator was selected for his expertise.
South Korean container ship to test Arctic route from Europe amid Western concerns
The Iran War energy crisis has just begun: Bousso