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

Saronic Picks Texas for New $3B Shipyard

Saronic Picks Texas for New $3B Shipyard

EU Grain Exporters Prepare for Increased Demand Amidst Black Sea Attacks

EU Grain Exporters Prepare for Increased Demand Amidst Black Sea Attacks

Port of Antwerp-Bruges Sees Decline in Goods in H1 2026

Port of Antwerp-Bruges Sees Decline in Goods in H1 2026

European Wheat Prices Jump to 17-Month High Amidst Renewed Black Sea Tensions

European Wheat Prices Jump to 17-Month High Amidst Renewed Black Sea Tensions

Subscribe for Maritime Logistics Professional E‑News

Three people killed in Russia's strikes on Black Sea ports of Ukraine
CPC: Caspian Pipeline Consortium suspends oil loadings after drone attacks on tanks
Energy Ministry says Azerbaijan produced 13.3 million tonnes of oil and condensate from January to June.