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

Sonangol Looks to Secure $4.8b Loan From China for Sea Port Refinery

Sonangol Looks to Secure $4.8b Loan From China for Sea Port Refinery

Hartman Seatrade Adds Two Liebherr LS 250 Ship Cranes to its Fleet

Hartman Seatrade Adds Two Liebherr LS 250 Ship Cranes to its Fleet

Enstructure to Support Sims’ Houston Expansion

Enstructure to Support Sims’ Houston Expansion

Tennessee-Tombigbee Waterway Development Authority Elects Governor Tate Reeves as 2026 Chairman

Tennessee-Tombigbee Waterway Development Authority Elects Governor Tate Reeves as 2026 Chairman

Subscribe for Maritime Logistics Professional E‑News

Qantas' first-half profits beat estimates due to strong travel demand
Poste's 2026 profits are higher after an increase in Q4 operating results.
Google will test new search results, a source claims as EU fines loom