Baltic Dry Index Rose, Due to Larger Ship Freight Rise

Posted by Joseph R. Fonseca
Sunday, August 17, 2014

 

Baltic Exchange Dry bulk freight index rose on Friday, due to the larger ship freight to rise.

Dry bulk freight index rose 73 points, or 7.75 percent, to close at 1,015 points. The index is a measure of shipping costs for iron ore, cement, grain, coal and fertilizer, and other resources.

The Baltic's capesize index surged 269 points, or 14.29 percent, to 2,151 points. Average daily profit rose $ 1,884 to $ 15,561. Typically this type of ship's carrying capacity is 150,000 tons, carrying cargo such as iron ore or coal.

Baltic Panamax freight index rose 64 points, or 8.66 percent, to close at 803 points. Average daily profit rose $ 514 to $ 6,397. Typically this type of ship carrying capacity of 6-7 million tons. (End)

(Compiled Lee Di children; revisers female red)

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Aiming to Make Less Fuel Go Further: Maersk Drilling

Maersk Drilling says it is engaged in an energy efficiency project for its newbuilds together with Maersk Maritime Technology. The project involves an Energy Management System (MSPS),

Sound Oil Announce 2014 Interim Results

Sound Oil, the European / Mediterranean focused upstream oil and gas company, announced its unaudited interim results for the six months ended 30 June 2014.   Highlights   *

Tax Relief for Indian Seafarers

Indian seafarers serving on Indian flagged vessel are forced to pay income tax if their vessel touches two Indian ports during a voyage whereas Indians serving

Energy

Continental Resources Names New President after Bott's Quick Exit

Continental Resources Inc, the largest oil producer in North Dakota's Bakken shale formation, promoted Jack Stark to president on Wednesday, less than a week after Rick Bott quit the position.

Aiming to Make Less Fuel Go Further: Maersk Drilling

Maersk Drilling says it is engaged in an energy efficiency project for its newbuilds together with Maersk Maritime Technology. The project involves an Energy Management System (MSPS),

Two Prestigious Awards for Fincantieri

In the presence of the Minister for Education, University, and Research Stefania Giannini, at the Auditorium at Villa Farnesina in Rome, Fincantieri, represented by its Chairman Vincenzo Petrone,

News

Continental Resources Names New President after Bott's Quick Exit

Continental Resources Inc, the largest oil producer in North Dakota's Bakken shale formation, promoted Jack Stark to president on Wednesday, less than a week after Rick Bott quit the position.

USCG in Search of Missing Man in Lake Michigan

The Coast Guard is searching for a man who went missing on Lake Michigan, Tuesday. Missing is 48-year-old Joseph Kiehm from Milwaukee. Kiehm was last seen aboard his 26-foot white sailboat,

Environmental Attorney Joins Long Beach Harbor Commission

Environmental attorney and Long Beach resident Tracy Egoscue joined the Long Beach Board of Harbor Commissioners on Tuesday as the first Commissioner appointed by newly elected Mayor Robert Garcia.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Simulators
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1241 sec (8 req/sec)