marine link image

Capesize Segment Buoys Baltic Index

January 9, 2025

©Darunrat/AdobeStock
©Darunrat/AdobeStock

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Thursday, supported by higher capesize rates.

The index, which factors in rates for capesize, panamax and supramax shipping vessels, edged up 3 points to 969 points.

The capesize index was up 64 points at 1,164 points. Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal, increased by $530 to $9,653.

Dalian iron ore futures prices snapped a four-day losing streak, aided by China's latest stimulus measures and accelerated purchases by steel mills.

The panamax index fell by 45 points to 992 points. Average daily earnings for panamax vessels, which usually carry 60,000-70,000 tons of coal or grain, decreased by $400 to $8,931.

The supramax index fell 16 points to 830 points, its lowest since August 2023.

Logistics News

Port Tampa Bay Welcomes Container Vessel with Largest Carrying Capacity

Port Tampa Bay Welcomes Container Vessel with Largest Carrying Capacity

Shipping Traffic Near Antwerp Slowed Due to Oil Spill

Shipping Traffic Near Antwerp Slowed Due to Oil Spill

India Allows Four Iranian Oil Tankers to Berth

India Allows Four Iranian Oil Tankers to Berth

Oil Spill Forces Partial Shipping Halt at Port of Antwerp

Oil Spill Forces Partial Shipping Halt at Port of Antwerp

Subscribe for Maritime Logistics Professional E‑News

Starmer and Trump discuss military options in the Strait of Hormuz
Cathay Pacific will cut flights between mid-May and end-June due to rising jet fuel prices
As air freight rates and ocean gridlock persist, shippers are looking for alternative routes.