Capesize Rates News

The Baltic Exchange's dry bulk sea freight snapped a 12-session winning streak on Tuesday, as pressure from lower capesize rates outweighed gains in smaller vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 0.3% at 2,291 points.The capesize index .BACI snapped its nine-session rising streak, shedding 57 points, or 1.4%, to 4,148.Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal…

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, dropped to snap a seven-session winning streak on Monday, weighed down by lower capesize rates.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 3 points, or 0.2%, to 1,817.The capesize index lost 56 points, or 2%, to 2,707.Average daily earnings for capesize vessels, which typically transport 150,000-tonne cargoes carrying commodities such as iron ore and coal…

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday, aided by firm capesize rates. The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, snapped a two-session losing streak after rising by 36 points, or 2.1%, to 1,737. The capesize index added 136 points, or 5.5%, to hit 2,610- its highest level in nearly five months. Average daily earnings for capesize vessels, which typically transports 150…

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to an 11-month high on Wednesday, driven by robust capesize rates.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 58 points, or about 3.4%, to 1,752, its highest level since Oct.

The Baltic Exchange's main sea freight index edged lower on Thursday as a decline in capesize rates overshadowed advances in the panamax segment.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels carrying dry bulk commodities, ticked down by 7 points, or 0.6%, to 1,137.The capesize index fell 78 points, or 4.5%, to 1,674, declining for the third straight session.Average daily earnings for capesizes .BATCA, which typically transport 150,000-ton cargoes carrying commodities such as iron ore and coal, decreased by $643 to $13,883.Dalian iron ore futures

“During the first five months of 2023, demand for Capesize ships increased 5% y/y while supply increased 3% y/y. Nonetheless, spot rate increases remain hesitant, largely due to concerns over China’s fragile economic recovery,” says Filipe Gouveia, Shipping Analyst at BIMCO.Demand growth was supported by a 4% increase in average haul while cargo volumes increased only marginally. Average haul increased due to higher exports from Brazil and Guinea and higher volumes of long-haul Russian coal.Supply rose due to a 2% y/y increase in the Capesize fleet and a 1% increase in fleet productivity.

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Tuesday, aided by higher rates for capesize and supramax vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 40 points, or 2.6%, to its highest in eight weeks at 1,598.The capesize index was up 125 points, or 5.2%, at 2,509 — its highest since Dec. 22.Average daily earnings for capesizes, which typically transport 150…

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday buoyed by a rebound in rates of the larger capesize vessel segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 28 points, or about 1.9%, to 1,484 - its biggest daily percentage rise since March 14.The capesize index added 104 points, or about 5.9%, to 1,856.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes carrying commodities such as iron ore and coal, increased $868 to $15,396.2Mean

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, ended a six-session losing streak on Monday, as an uptick in capesize rates outweighed losses in panamax and supramax segments.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, edged up nine points, or 0.8%, to 1,139.The capesize index gained 84 points, or 5.56%, to 1,596.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were up $694, at $13,237.China's state planner has allowed three c

The Baltic Exchange's dry bulk sea freight index rose on Thursday to mark its biggest one-day percentage gain since mid-September, underpinned by a jump in capesize rates.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, gained 127 points, or about 9.1%, to 1,528 - its highest since Oct. 28.The capesize index climbed 372 points, or about 21.6%, to 2,095, its highest level since Oct.

The Baltic Exchange's dry bulk sea freight index marked its biggest weekly percentage gain in almost two months, although declining on Friday on a fall in capesize rates.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, shed 14 points, or about 1%, to 1,324.The main index gained 11.4% for the week, its biggest rise since Oct. 7.The capesize index .BACI was down 51 points, or about 3.3%, at 1,519. It posted a weekly loss of 5.8%.Average daily earnings for capesizes .BATCA…

The Baltic Exchange's dry bulk sea freight index rose on Wednesday for the first time in ten sessions, helped by an uptick in capesize rates.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, added 35 points, or about 3%, to 1,184.The capesize index added 127 points, or 11.6%, to hit its highest in a week at 1,219.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of coal and steel-making ingredient iron ore, increased $1,049 to $10,106.Meanwhile, Dalian iron ore futures extended their

The Baltic Exchange's main sea freight index tracking rates for ships carrying dry bulk commodities, rose for a second straight session on Monday on higher capesize rates, while other vessel segments stayed flat.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was up 28 points, or 1.6%, at 1,788 points.The capesize index gained 86 points, or 4.4%, at 2,041 points, on its best day in six.Average daily earnings for capesizes, which typically transport 150…

The Baltic Exchange's main sea freight index fell for the third straight session on Monday as rates for capesize vessels declined to their lowest in more than six months.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, lost 73 points, or 4.9%, to 1,404 points, its lowest since Jan. 28.The capesize index was down for the third consecutive session, falling 216 points, or 16.4%, to 1,098 points, its biggest drop in 11 days.Average daily earnings for capesizes…

The Baltic Exchange's main sea freight index was little changed on Tuesday as declines to multi-week lows in the panamax and supramax segments countered gains in capesize rates.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, edged down two points to 1,564 points.The capesize index .BACI was up for the second session, gaining 45 points, or 3.1%, at 1,510 points.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal…

The Baltic Exchange's main sea freight index fell to a nearly two-week low on Tuesday as rates across its vessel segments declined.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, shed 53 points, or 2.5%, to 2,061 points, the lowest since July 14.The capesize index fell for the second straight session, losing 141 points, or 5.4%, to 2,455 points, a near two-week low.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were down $1,167 at $20,359."The biggest headache moving forward will li

The Baltic Exchange's main sea freight index , tracking rates for ships ferrying dry bulk commodities, logged its first weekly gain since mid-June, as a jump in capesize rates outweighed declines in other vessel segments.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was up 140 points, or nearly 7%, at 2,150 points, its highest since July 4. It rose 4% for the week.The capesize index rose 462 points, or 18.8%, to 2,919 points, its highest since June 20.

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a third straight week on Friday, as rates across vessel segments dropped.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down six points, or about 0.3%, at 2,067 points, posting a weekly fall of 6.6%The capesize index gained 65 points, or nearly 3%, at 2,270 points.Capesize rates shed about 4.7% for the week, posting their third consecutive weekly decline.Average daily earnings for capesizes, which typically transport 170,000-180,000

Seanergy Maritime Holdings Corp. announced Thursday it has agreed to acquire a secondhand bulk carrier from a Japanese owner.The 180,000 dwt Capesize vessel, to be renamed Honorship, was built at a Japanese shipyard in 2010.It is expected to be delivered within June 2022 and will promptly begin operating on a 20-24-month charter to with NYK Lines at an index-linked rate at a significant premium over the Baltic Capesize Index, Seanergy said.Seanergy said it has the option to convert the daily hire from index-linked to fixed for a minimum period of two months to a maximum of 12 months based on the same premium over the prevailing Capesize Freight Futures Agreements (FFA) curve.Stamatis Tsantanis…

The Baltic Exchange's dry bulk sea freight index slipped for a 13th straight session on Monday, as capesize rates hit their lowest level in more than two-months.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 24 points, or about 1.2%, to 2,031 points, its lowest since Feb. 18.The capesize index slipped 49 points, or 3.4%, to 1,395 points, its lowest level since early February.Average daily earnings for capesizes, which typically transport 150…

The Baltic Exchange's dry bulk sea freight index edged lower on Tuesday to snap a seven-session long winning streak, as losses in the panamax and supramax segments overshadowed a gain in capesize rates.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell 38 points to 2,689 points.The panamax index was down 146 points at 2,946 points.Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, decreased $1,314 to $26,512.The capesize index gained 37 points to 2,823 points.Averag

The Baltic Exchange's dry bulk sea freight index fell for a 12th straight session on Monday, hurt by declining capesize rates.The overall index, which factors in rates for capesize, panamax and supramax vessels, fell 24 points, or 1.7%, to 1,391, its lowest since mid-February 2021.The capesize index slipped 55 points, or 6.2%, to 836, its lowest since June 2020.Average daily earnings for capesizes, which transport 150,000-tonne cargoes such as iron ore and coal, dropped by $455 to $6,935.Iron ore prices fell on Monday as traders turned cautious ahead of the Spring Festival holidays and Beijing

The Baltic Exchange's dry bulk sea freight index declined on Wednesday, pressured by lower rates across the capesize vessel segment, recording its lowest level since June.The overall index, which factors in rates for capesize, panamax and supramax vessels, lost 65 points, or 2.8%, to 2,229, its lowest since April 14Rates for the vessels have further eroded into the current week ahead of the holidays, shipbroker Intermodal said in a weekly note dated Tuesday.The capesize index fell 208 points, or 7.8%, to its lowest since June 8 at 2,455.Average daily earnings for capesizes, which transport 150