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Tuesday, November 24, 2020

Baltic Index Falls News

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Baltic Index Falls as Lower Vessel Rates Bite

The Baltic Exchange's main sea freight index fell on Wednesday, weighed by capesize rates hitting their lowest level in nearly a month and lower earnings at the panamax segment.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, fell 46 points, or about 2.6%, to 1,696.The Baltic capesize index dropped 141 points, or 4.6%, to 2,941, touching its lowest level since June 17.Average daily earnings for capesizes, which typically transport cargoes of 170,000 tonnes to 180,000 tonnes, including iron ore and co

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Baltic Index Falls

The Baltic Exchange's main sea freight index declined on Friday as lower rates for capesize and supramax segments offset gains in the panamax category.The Baltic index, which tracks rates for capesize, panamax and supramax vessels to ferry dry bulk commodities, dropped 16 points, or 3.7%, to 415.The main index has lost nearly 14.8% this week, its ninth consecutive week of decline.The capesize index fell 47 points to a negative 234, down for the 41st straight session.Average daily earnings for capesizes…

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Baltic Index Falls on Sliding Capesize Rates

The Baltic Exchange's main sea freight index fell for a second straight session on Wednesday to its biggest one-day decline in nearly six months, as rates for capesize vessels fell after a strong run.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 7%, or 151 points, to 2,014 points, its biggest one-day drop since January 31. The index has still more than tripled since February, mainly driven by strong demand for vessels that ship iron ore from…

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Baltic Index Falls for Third Straight Day

The Baltic Exchange's main sea freight index fell on Monday for the third consecutive day, as lower demand for ships across segments eased rates.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 40 points, or 1.6%, to 2,442 points.The capesize index dropped 105 points, or 2.1%, to 4,844 points. Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, fell $800 to $36,121.The panamax index fell 25 points, or 1.1%, to 2,191 points.

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Baltic Index Falls to 8-Month Low

The Baltic Exchange's main sea freight index fell to its lowest level since April on Monday, weighed down by weaker vessel demand across all segments.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, declined 63 points, or 6.9%, to 844 points, its lowest level since April 23.* The capesize index fell 119 points, or 7.9% to 1,388 - its lowest since May 10.* Average daily earnings for capesizes, which typically transport 170…

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Baltic Index Falls for 13th Straight Session

The Baltic Exchange's main sea freight index declined for a 13th straight session on Friday, weighed down by declining rates across all vessel categories.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, decreased 28 points, or 2.4%, to 1,123, its lowest in over six months. The index has lost over 17% in the week.The capesize index dropped 18 points, or 0.9%, to 1,958 — its lowest since June 18. The index fell over 20% this week, marking its third straight weekly fall.

Baltic Index Falls for Seventh Consecutive Session

The Baltic Exchange's main sea freight index fell for the seventh straight session on Tuesday, due to lower rates across vessel segments. The overall index, which tracks rates for ships carrying dry bulk commodities, fell 10 points, or 0.75 percent, to 1,323 points. The capesize index fell 15 points, or 0.75 percent, to end at 1,986 points. Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, fell by $88 to $16,342. The panamax index dropped 18 points, or 1.3 percent, to 1,321 points.

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Baltic Index Falls to Six-Week Low

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Tuesday to a six-week low as rates across vessel segments fell.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 20 points, or 1.9 percent, at 1,057 points, its lowest since April 17.* The capesize index lost 71 points, or 5.1 percent, to 1,324 points.

Capesize Rates at 7-week Low as Baltic Index Falls

Capesize rates marked its lowest in 7-weeks as the Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Wednesday.The overall index, which factors in rates for capesize, panamax and supramax vessels, shed 23 points, or 1.4 percent, to 1,661 points. The capesize index fell by 94 points, or 3 percent, to 2,994 points, its lowest since July 11.Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal…

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Baltic Index Falls on Lower Iron Ore Demand

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell 2 percent on Monday as lower demand for iron ore fixtures hit capesize rates. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell 20 points, or 2 percent, to 994 points. The capesize index was down 64 points, or 3.7 percent, at 1,661 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, was up $559 at $12,385.

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Baltic Index Falls for Fourth Straight Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fourth straight session on Monday, pressured by weaker capesize vessel rates. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 3 points, or 0.35 percent, at 848 points. The capesize index lost 44 points, or 3.63 percent, at 1,169 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were down $372 to $8,798.

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Baltic Index Falls on Weaker Vessel Demand

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday due to weaker demand for larger vessels. The overall index — which factors in rates for capesize, panamax, supramax and handysize shipping vessels — was down 22 points, or 1.83 percent, at 1,181 points. The capesize index fell 99 points, or 4.16 percent, to 2,282 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were down $752 at $17,026.

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Baltic Index Falls to Six-month Low

The Baltic Exchange's main sea freight index slipped to its lowest level in nearly six months on Monday, weighed down by falling rates in all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell 13 points, or 1.19 percent, to close at 1,082 points. That was the lowest level since Aug. 9 last year. The capesize index fell 37 points, or 2.52 percent, to finish at 1,433 points - its lowest in more than six months.