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

Turkey Tenders to Import 255,000 Metric Tons of Feed Barley

Turkey Tenders to Import 255,000 Metric Tons of Feed Barley

CK Hutchison Launches Arbitration over Panama Canal Ports Contract Ruling

CK Hutchison Launches Arbitration over Panama Canal Ports Contract Ruling

U.S.-Flag Shipping on the Great Lakes Down in 2025

U.S.-Flag Shipping on the Great Lakes Down in 2025

Port of Virginia Advances Capacity with Addition of ULCV Berth

Port of Virginia Advances Capacity with Addition of ULCV Berth

Subscribe for Maritime Logistics Professional E‑News

One week after Storm Kristin, a new tempest threatens Portugal
Maersk and Hapag-Lloyd resume certain Red Sea transits, with naval escorts
Qantas, the Australian airline, will no longer operate Jetstar Japan and instead focus on its domestic services