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

ABS AIP for Multi-Purpose Fuel Tank and FGSS Design

ABS AIP for Multi-Purpose Fuel Tank and FGSS Design

World First: Ship-to-Ship Ammonia Bunkering

World First: Ship-to-Ship Ammonia Bunkering

Russian Seaborne Oil Exports Rise 16.4% in August

Russian Seaborne Oil Exports Rise 16.4% in August

Iran Reroutes Russian Wheat Imports Through Caspian Sea

Iran Reroutes Russian Wheat Imports Through Caspian Sea

Subscribe for Maritime Logistics Professional E‑News

FAA waives emission rules so Boeing can sell 35 more 777F freighters
Apollo is exploring options to sell Energos' floating LNG infrastructure, according to sources
Poland is no longer on alert as sirens and jets are scrambled in response to Russia's attack on western Ukraine