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

Singapore Posts Record Port Performance in 2025, Looks Ahead for 2026

Singapore Posts Record Port Performance in 2025, Looks Ahead for 2026

Somalia Ends Port Deals, Security Cooperation with UAE

Somalia Ends Port Deals, Security Cooperation with UAE

Supertankers Picking Up Venezuelan Oil for China Turn Around

Supertankers Picking Up Venezuelan Oil for China Turn Around

Maersk Successfully Navigates Red Sea Route as Gaza Ceasefire Holds

Maersk Successfully Navigates Red Sea Route as Gaza Ceasefire Holds

Subscribe for Maritime Logistics Professional E‑News

Wall Street futures fall ahead of JPMorgan earnings and inflation data
Maputo's port volume reaches record 32 million metric tonnes
Diesel exports from Russia jumped 40% in December due to higher fuel production