Baltic Index Ticks Down as Panamax Losses Outweigh Capesize Gains
The Baltic Exchange's main sea freight index edged down on Wednesday, as panamax rates hit a three-week low, offsetting a rise in capesize vessel rates.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, edged down by 2 points to 1,778.The capesize index added 28 points, or about 1%, to 2,801 - its highest level in more than a year.Average daily earnings for capesize vessels which typically transport 150,000-tonne cargoes carrying commodities such as iron ore and coal…
Baltic Index Inches Up as Panamax Gains Outweigh Capesize Losses
The Baltic Exchange's main sea freight index edged up on Wednesday as panamax rates hit a near three-month high, countering a dip in the larger capesize segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, increased 2 points to 1,144.The panamax index .BPNI gained 38 points, or 3.2%, to 1,233, its highest since May 18.Average daily earnings for panamax vessels, which usually carry coal or grain cargoes of about 60…
Baltic Index Climbs to Over 1-month High on Demand for Larger Vessels
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for a fifth straight session on Tuesday, boosted by higher demand for larger vessels.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, rose by 23 points, or 2%, to 1,150, its highest level since June 27.The capesize index added 47 points, or 2.5%, to 1,920, its highest in six weeks.Average daily earnings for capesizes, which typically transport 150…
Slipping Rates Drag Baltic Dry Index to Fresh 2.5-year Low
The Baltic Exchange's main sea freight index extended losses to a sixth straight session on Tuesday to touch a fresh 2-1/2-year low, dragged down by a dip in capesize and panamax rates.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 19 points, or about 2.6%, to 721, its lowest since early-June 2020.The capesize index lost 50 points, or 6.8%, to 685, its lowest since mid-September 2022.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were down $410 at $5,684.The panamax index was
Dry Bulk: Panamax Rates Hit Lowest in Two Years
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, slipped on Tuesday, on lower rates for all vessel segments as panamaxes hit their lowest level in two years.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was down 43 points, or 3.8%, to 1,096.The capesize index lost 60 points, or 3.8%, to 1,536.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were down $496 at $12,741.The panamax index extended its fall for the 12th consecutive day
Baltic Dry Index Rises on Panamax Gains
The Baltic Exchange's main sea freight index rose on Friday and recorded its best week in about four months as panamax rates marked their biggest weekly gain in more than eight years. The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was up 35 points, or about 3%, at 1,213. The index recorded a weekly gain of about 11.7%, its highest since mid-May.The capesize index snapped its three-day falling streak, gaining 20 points, or about 3%, to 672.
Baltic Dry Index Up as Panamax Rates Climb
The Baltic Exchange's main sea freight index extended gains on Thursday as rates for the panamax vessel segment rose for the sixth straight session.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was up 45 points, or about 4%, at 1,178, a two-week high.The capesize index fell for the third consecutive session, losing 4 points, or about 0.6%, to 652.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as coal and steel-making ingredient iron-ore used in construction, fell $35 to $5,407.Dalian and Singapore iro
Baltic Index Rises to Over 1-month High on Stronger Capesize, Panamax Rates
The Baltic Exchange's main sea freight index rose to an over one-month high on Thursday, boosted by higher rates for capesize and panamax segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 159 points, or 6.4%, to 2,644 points, the highest since March 15.The capesize index rose 402 points, or 17.3%, to 2,721 points.Chinese iron ore and steel futures rose on Thursday after the country's central bank said it would take monetary policy steps to help businesses hit by the COVID-19 outbreak and support a recovery in consumption.
Baltic Dry Index Steady as Higher Panamax Rates Offset Capesize Dip
The Baltic Exchange's dry bulk sea freight index was little changed on Wednesday, as higher rates for panamax vessels countered a dip in the capesize and supramax segments.The overall index, which factors in rates for capesize, panamax and supramax vessels, rose by 4 points to 2,289.The capesize index fell 49 points, or 2.1%, to 2,301, its lowest level since late-March, 2021.Average daily earnings for capesizes, which transport 150,000-tonne cargoes such as iron ore and coal, decreased by $406 to $19,084.Iron ore futures rose on Wednesday as restocking demand in China propelled spot prices of
2021 in Review: The Dry Bulk and Tanker Markets
The Signal Group offers an exhaustive overview of the trends in the dry bulk and tanker markets that both defined 2021, and offer a glimpse as to what might be in store for 2022 and beyond. The report is excerpted in short below; to see the full report CLICK HERE.Using Signal Ocean data, give the insight to analyze the trends and changes across the major vessel sizes in the dry and tanker freight market for 2021. This time last year, Signal Group analyzed the effects of the coronavirus pandemic on commercial shipping with a focus on dirty tankers - VLCC…
Baltic Dry Index Rises to Over One-year High
The Baltic Exchange's main sea freight index tracking rates for ships ferrying dry bulk commodities scaled an over one-year peak on Monday, propelled by higher rates across vessel segments, with panamax rates touching an over 10-year high.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, rose 38 points, or 1.7%, to 2,319, its highest since September 2019.The capesize index advanced 38 points, or 1.6%, to 2,382.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as coal and steel-making ingredient iron ore, rose $314 to $
Panamax Bulk Carrier Rates Hit Over 10-year High
The Baltic Exchange's main sea freight index on Wednesday climbed to a near 1-1/2-year high as panamax rates scaled a more than 10-year peak on China grain demand.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 88 points, or 4.4%, to 2,105, a peak since September 2019.The panamax index gained 211 points, or 8.9%, at 2,583, its highest since September 2010.Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, rose $1,896 at $23,245."It seems to be a perfect storm for the dry bulk shipping market at the moment…
Baltic Index Slips on Weaker Capesize, Panamax Rates
The Baltic Exchange's main sea freight index dipped on Wednesday, pressured by lower rates for the capesize and panamax vessel segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, was down 18 points, or 1%, at 1,709.The capesize index fell 109 points, or 6.8%, to an over one-week low of 1,485.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, lost $901 to $12…
Capesize and Panamax Bulker Rates Are Soaring
The Baltic Exchange's main sea freight index rose to its highest in over three weeks on Wednesday as demand for capesizes rebounded and rates for the panamax vessel segment scaled ten-year highs.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, surged 261 points, or 17.5%, to 1,756, recording its fifth straight session of gains.The index was at its strongest since January 25.The capesize index leapt 427 points, or 28.8%, to 1,912, a near three-week high.Average daily earnings for capesizes, which typically transport 150,000-tonne
Rising Capesize, Panamax Rates Buoy Baltic index
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, climbed on Tuesday to its highest level since mid-October last year as rates for capesize and panamax vessels extended gains.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, added 44 points, or 3.2% to 1,418, a peak since Oct. 16, 2020.The capesize index was up 91 points, or 4.5%, to 2,099, its highest in more than two months.Average daily earnings for capesizes…
Baltic Index Falls On Waning Panamax Rates
The Baltic Exchange's main sea freight index hit an almost one-week low on Monday, dragged down by weaker demand for panamax and supramax vessels.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, dipped 8 points, or 1.3%, to 617. This is its lowest level since March 17.The panamax index fell 33 points, or 4.1%, to 774, posting its 11th successive decline.Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60…
Baltic Index Down on Lower Panamax Rates
The Baltic Exchange's main sea freight index edged down on Friday, as lower rates for panamax vessels more than offset a rise in the capesize and supramax segments.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, fell 2 points, or 0.3%, to 631.However, the index gained 2.3% this week, marking its fifth straight weekly gain.The capesize index rose 44 points to -311.Average daily earnings for capesizes, which typically transport 170…
Baltic Index Jumps to 2-Week High
The Baltic Exchange's main sea freight index rose to a two-week high on Tuesday, as higher rates for panamax and supramax vessels more than offset the capesize segment lingering in the negative zone.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, rose 16 points, or 3.7%, to 450, registering its biggest one-day percentage gain since late November.The capesize index gained for a second straight session, up 30 points at -257."Capesize is gradually gaining because there are other geographies besides China…
Baltic Index Inches Lower on Weaker Panamax Rates
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, inched lower on Thursday, as lower panamax rates offset a rise in capesize rates.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, was down 1 point, or 0.1%, at 1,364 points.* The capesize index rose 58 points, or 2.3%, to 2,623 points.* Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, rose $292 to $20,961.* The panamax index fell 33 points, or 2.8%, to 1,137 points, its lowest in more than four months.* "The demand-side was slow with few firm cargoes entering the market…
Baltic Index Ends Seven-day Losing Streak
The Baltic Exchange's main sea freight index inched up on Friday, snapping a seven-day losing streak, helped by a slight uptick in capesize and panamax rates.* The Baltic index, which tracks rates for ships carrying dry bulk commodities, rose 10 points, or 0.6%, to 1,767.* The index extended its weekly losses, falling for the fourth straight week with a decline of 4.8%.* The capesize index was up 8 points, or 0.3%, to 3,021. It also posted a fourth straight weekly loss.* The average daily earnings for capesizes…
Weak Demand Drags Baltic Index Down
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the 12th consecutive session on Friday, weighed down by lower capesize and panamax rates.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, slipped 61 points, or 2.8%, to 2,131 points.* The capesize index plunged 184 points, or 4.4%, to 3,952 points. The index slipped more than 9% this week, marking its worst week in nearly two-months.* Average daily earnings for capesizes…
Baltic Index Down on Sliding Panamax Rates
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, posted its sixth consecutive fall on Wednesday, hurt by declining demand for the panamax vessel segment.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell marginally by 6 points, or 0.33%, to 1,803, its lowest since mid-August.* The panamax index dropped for a twelfth straight session, down 20 points, or 1.15%, at 1,725. The index is at its lowest since July 8.* Average daily earnings for panamaxes…
Baltic Index Inches Lower on Weaker Panamax Demand
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, inched lower on Wednesday on weaker demand for panamax vessels.The Baltic index, which reflects rates for capesize, panamax and supramax vessels, edged down by 20 points, or 1.1%, to 1,782.The capesize index was unchanged at 3,078 points. Limited activity in both the Atlantic and Pacific basins and the resistance of charterers to current freight rates led to lower market rates, while some fresh inquiries in the Atlantic helped curb losses, Allied Shipbroking said in a note on Tuesday.
