Register now for the Port of the Future Conference • 2 Days, 50 Ports • Houston/Galveston area, TX • April 12–14, 2027

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

Encomara Squid Connection System Qualifies for Commercialization

Encomara Squid Connection System Qualifies for Commercialization

Russia Focuses Strikes on Ukrainian Ports, Industrial Sites, Distribution Facilities

Russia Focuses Strikes on Ukrainian Ports, Industrial Sites, Distribution Facilities

EU Wheat Continues to Rise During Black Sea Conflict

EU Wheat Continues to Rise During Black Sea Conflict

Chicago Wheat Hits Three-Year High Amidst Black Sea Conflict

Chicago Wheat Hits Three-Year High Amidst Black Sea Conflict

Subscribe for Maritime Logistics Professional E‑News

Air New Zealand records its biggest loss since 2023 due to fuel and engine costs
Sources say that FAA has fired two controllers for leaving work before a fatal LaGuardia accident.
Number missing in Tibet after Nepal mudslide tops 550; China flags upstream risk