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

Ferry Vessel Operator Upgrades Digital Experience

Ferry Vessel Operator Upgrades Digital Experience

Wind-Assisted LNG Carrier Concept Gets BV AiP

Companies Scramble to Secure Ships to Transfer Venezuelan oil

Companies Scramble to Secure Ships to Transfer Venezuelan oil

Russian Drone Hits Two Foreign-Flagged Vessels Near Odesa

Russian Drone Hits Two Foreign-Flagged Vessels Near Odesa

Subscribe for Maritime Logistics Professional E‑News

Nordics reject Trump’s claim that Chinese and Russian vessels are near Greenland. FT reports
Jimmy Lai, the media tycoon of Hong Kong, begins his mitigation hearing ahead of sentencing
Dar Global and Trump Organization Launch $10 Billion Saudi Developments