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

CSP Iberian Bilbao Terminal Receives STS Crane

CSP Iberian Bilbao Terminal Receives STS Crane

C&C Marine and Repair's Robotic Blast Facility Completes 700 Barges

C&C Marine and Repair's Robotic Blast Facility Completes 700 Barges

Mooreast to Divest Property, Boost Offshore Wind Expansion

Mooreast to Divest Property, Boost Offshore Wind Expansion

ADNOC LNG Tanker Crosses Strait of Hormuz

ADNOC LNG Tanker Crosses Strait of Hormuz

Subscribe for Maritime Logistics Professional E‑News

Jet fuel crisis is a boon to Nigerian Dangote but not local airlines
Spain urges you to buy airline tickets as the Iran war increases oil prices
Environmentalists from the Western Balkans demand renewable energy over US gas projects