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Baltic Dry News

25 Mar 2024

Baltic Dry Index Slips to Three-week Low

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The Baltic Exchange's main sea freight index fell to over a three-week low on Monday, weighed down by weakness in the capesize and panamax vessel segments.he overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell for the fifth straight session by 73 points, or 3.3%, to 2,123 points.The capesize index lost 187 points, or 5.4%, at 3,295, its lowest level since Feb. 27.Average daily earnings for capesize vessels, which typically transports 150…

05 Mar 2024

Baltic Dry Index Ticks Down as Capesize Losses Offset Gains in Smaller Vessels

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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…

18 Jan 2024

Baltic Dry Index Snaps Eight-day Losing Streak

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The Baltic Exchange's dry bulk sea freight index snapped an eight-day losing streak on Thursday as rates increased across larger vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 49 points, or 3.8%, to 1,357.The capesize index rose by 120 points, or 6.9%, to 1,853.Average daily earnings for capesize vessels, which typically transports 150,000-ton cargoes such as iron ore and coal, increased by $990 to $15,365.Iron ore futures prices rebounded, aided by renewed hope of further stimulus from top consumer China following a speech

12 Jan 2024

Baltic Dry Index Marks Worst Week Since 2008

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The Baltic Exchange's dry bulk sea freight index slid on Friday as its worst week since 2008 came to an end with rates across vessel segments languishing at multi-month lows.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, lost 94 points, or 6.1%, to 1,460, its lowest level since Nov. 2. It shed more than 30% for its biggest weekly decline since 2008.The capesize index dropped by 252 points, or 10.4%, to 2,172, extending its losing streak to the fifth session and hitting its lowest since Nov.

09 Jan 2024

Baltic Dry Index Logs Biggest Fall in a Month

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The Baltic Exchange's dry bulk sea freight index fell on Tuesday to a nearly seven-week low in its worst showing in more than a month, as rates across vessel segments hit multi-week lows.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 147 points, or 7.3%, to 1,875, hitting a fresh low since Nov. 23.The capesize index dropped by 350 points, or 9.7%, to 3,249, also logging its biggest daily fall since Dec. 7.Average daily earnings for capesize vessels…

03 Jan 2024

Baltic Dry Index Edges Down as Demand for Smaller Vessels Slips

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The Baltic Exchange's dry bulk sea freight index eased on Wednesday, as falling rates for panamax and supramax vessels overshadowed gains in the capesize segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 2 points, or 0.1%, at 2,091.The capesize index was up 85 points, or 2.4%, at 3,569, its highest in more than two weeks.Average daily earnings for capesize vessels, which typically transport 150,000-tonne cargoes such as iron ore and coal…

11 Dec 2023

Panama Canal Woes to Delay Grain Ships well into '24

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Bulk grain shippers hauling crops from the U.S. Gulf Coast export hub to Asia are sailing longer routes and paying higher freight costs to avoid vessel congestion and record-high transit fees in the drought-hit Panama Canal, traders and analysts said.The shipping snarl through one of the world's main maritime trade routes comes at the peak season for U.S. crop exports, and the higher costs are threatening to dent demand for U.S. corn and soy suppliers that have already ceded market share to Brazil in recent years.

30 Nov 2023

Baltic Dry Bulk Index Doubles in November

Source: Baltic Exchange

The Baltic Exchange's dry bulk sea freight index .BADI gained for the sixth consecutive session on Thursday, more than doubling in November to hit an one-and-a-half year peak helped by mounting supply of tonnage and cargo demand.The overall index .BADI, which factors in rates for capesize, panamax, supramax shipping vessels, was up 241 points or 8.9% at 2,937.

20 Nov 2023

Weaker Capesize Rates Push Baltic Dry Index Lower

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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…

17 Nov 2023

Strong Vessel Demand Lifts Baltic Dry Index to Second Weekly Gain

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The Baltic Exchange's dry bulk sea freight index rose on Friday and posted a second consecutive weekly gain on the back of stronger demand across vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose to an over three-weeks high as it added 62 points, or 3.5%, to 1,820. It was up 10.8% this week.The capesize index added 99 points, or 3.7%, to 2,763. The index rose 6.8% for the week.Average daily earnings for capesize vessels…

01 Nov 2023

Baltic Dry Index Falls for 10th Straight Session

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The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a tenth straight session to a near seven-week low on Wednesday, as rates fell across vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 4% or by 58 points to 1,401.The capesize index declined 6% or 121 points to 1,899, its lowest in over one month.Average daily earnings for capesize vessels, which typically transport 150,000-tonne cargoes carrying commodities such as iron ore and coal, lost $999 to $15,751."We anticipate

23 Oct 2023

Baltic Dry Index Falls on Muted Demand for Capesize Vessels

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The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a third straight session on Monday, pressured by weaker rates in the capesize segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 29 points, or 1.4%, to 2,017, its lowest in a week.The capesize index lost 83 points, or 2.3%, at 3,473.Average daily earnings for capesize vessels, which typically transport 150,000-tonne cargoes carrying commodities such as iron ore and coal, fell by $688 to $28,805.Dalian iron ore futures fell, d

09 Oct 2023

Baltic Dry Index Hits One-year High

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The Baltic Exchange's main sea freight index rose to its highest in a year on Monday, helped by higher rates for capesize vessels.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, climbed 3.2% to 1,991.The capesize index added 176 points, gaining 5.3% to 3,485 - its highest level since May 25, 2022.Average daily earnings for capesize vessels, which typically transports 150,000-tonne cargoes carrying commodities such as iron ore and coal, increased by $1,456 to $28,901.Iron ore futures fell, with the Dalian benchmark hitting its lowest in nearly six

27 Sep 2023

Baltic Dry Index Scales 11-month Peak

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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.

25 Sep 2023

Baltic Dry Index Rises to Over Four-month High

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The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to its highest since mid-May on Monday, supported by gains in the capesize vessel segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 21 points, or 1.3% to 1,614, its highest level since May 10.The capesize index added 65 points, or 3.1% to 2,148, its highest level in over four months.Average daily earnings for capesize vessels…

15 Sep 2023

Baltic Dry Index Logs Best Week in Over Six Months

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The Baltic Exchange's main dry bulk sea freight index rose on Friday, clocking its biggest weekly percentage gain since March as demand across all vessel segments remained strong.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose for the eighth straight session by 41 points, or 3.1%, to 1,381.The main index posted a 16.4% gain for the week.The capesize index, added 90 points, or about 6%, to 1,602, hitting its highest level in a month.

13 Sep 2023

Baltic Dry Index Hits Over Three-month High

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The Baltic Exchange's main dry bulk sea freight index hit its highest in more than three months on Wednesday, powered mostly by gains in the larger vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels rose 55 points, or 4.5%, to 1,290, its highest level since May 24.The capesize index rose for sixth straight session, gaining 86 points, or 6.5%, to 1,416.Average daily earnings for capesize vessels, which typically transport 150,000-tonne cargoes carrying commodities such as iron ore and coal, increased $716 to $11,743.Iron ore futures wer

25 Aug 2023

Baltic Dry Index Logs Worst Week in More than Two Months

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The Baltic Exchange's main sea freight index fell on Friday to finish its worst week since early-June, weighed down by lower rates for capesize and panamax vessels.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, was down 30 points, or 2.7%, at 1,080.The main index fell 12.7% for the week - its biggest weekly percentage loss since June 2.The capesize index dropped 85 points, or 6.8%, to 1,174.

21 Aug 2023

Baltic Dry Index Down as Capesize Vessel Rates Fall

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The Baltic Exchange's main sea freight index fell for a second straight session on Monday, weighed down by a dip in capesize vessel rates.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, fell 14 points to 1,223.The capesize index fell 60 points, or 3.8%, to 1,538, its lowest in nearly four weeks.Average daily earnings for capesize vessels, which typically transport 150,000-tonne cargoes carrying commodities such as iron ore and coal, fell $503 to $12,752.The panamax index slipped 1 point to 1,541, snapping its 18-day w

17 Aug 2023

Baltic Dry Index Nears Three-month Peak on Demand for Smaller Vessels

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The Baltic Exchange's main sea freight index rose to its highest level in nearly three months on Thursday, propelled by gains in smaller panamax and supramax vessels.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, increased 14 points to 1,247, its highest since May 24.The panamax index gained 36 points, or 2.4%, to 1,522, continuing a 17-day winning streak.Average daily earnings for panamax vessels, which usually carry coal or grain cargoes of about 60…

16 Aug 2023

Baltic Dry Index Hits Over One-month High on Gains Across Vessel Segments

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The Baltic Exchange's main sea freight index rose to a more than one-month high on Wednesday, helped mostly by steady gains in rates for the panamax and capesize vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, rose 67 points, or 5.8%, to 1,233.The capesize index gained 104 points, or 6.5%, to 1,701.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes carrying commodities such as iron ore and coal, increased by $862 to $14,106.The panamax index gained 74 points, or 5.2%,

07 Aug 2023

Baltic Dry Index Up on Firm Rates for Larger Vessels

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The Baltic Exchange's main sea freight index rose for a third straight session on Monday, buoyed by an uptick in capesize and panamax vessels rates.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, rose 9 points to 1,145.The capesize index gained 14 points to 1,832.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes carrying commodities such as iron ore and coal, increased by $112 to $15,192.The panamax index gained 20 points, or 1.8%, to 1,153, highest since June 21.Average daily earni

14 Aug 2023

Gains in Panamax Vessel Rates Lift Baltic Dry Index

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The Baltic Exchange's main sea freight index edged up on Monday as rates for the panamax segment, ferrying coal and grain cargoes, hit a more than three-month high that also helped offset a dip in the larger capesize vessel segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels ferrying dry bulk commodities, edged up by 6 points to 1,135.The panamax index extended its winning streak to a 14th straight session to gain 28 points, or 2.1%, to 1,365.