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Capesize Dip Weighs On Baltic Dry Index
The Baltic Exchange's main sea freight index edged down on Tuesday as the capesize segment snapped a four-session streak of gains.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 17 points, or 0.8%, at 2,145 points.The capesize index fell by 68 points, or 2.3%, to 2,899 points.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were down $560 at $24,043.Chinese steel futures rose o
Baltic Dry Index Drops for Third Week
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 consecu
Baltic Dry Index Dips as Larger Vessels Retreat
The Baltic Exchange's main sea freight index fell on Tuesday, snapping a five-day winning streak, pressured by a fall in the capesize and panamax segments.The overall index, which factors in rates for capesize, panamax and supramax vessels, dipped 112 points, or 4.3%, to 2,484.The capesize index lost 321 points, or 10.6%, to 2,710.Average daily earnings for capesizes, which typically transport 150…
Higher Vessel Rates Lift Baltic Dry Index
The Baltic Exchange's main sea freight index gained to its highest in nearly three weeks on Monday, helped by an uptick in capesize and panamax vessel rates.The overall index, which factors in rates for capesize, panamax and supramax vessels, added 18 points, or 0.7%, to 2,596, a peak since June 1.The capesize index gained 44 points, or 1.47%, to 3,031, the highest since May 26.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, rose b
Baltic Dry Index Extends Gains on Jump in Capesize Segment
The Baltic Exchange's main sea freight index extended gains on Wednesday on a jump in the capesize segment, while strength in panamax and supramax vessels also lent support.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, increased by 103 points, or 4.5%, to 2,387.The capesize index gained 243 points to 2,551, a rise of about 10.5%.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, rose by
Baltic Dry Index Hits Six-week Low
The Baltic Exchange's main sea freight index extended its slide on Thursday to hit the lowest in more than six weeks, hurt by falling rates across vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 68 points, or 2.8%, to 2,342 points.The capesize index fell 88 points, or about 3.6%, to 2,369 points.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, fell $737 to $19,643.C
Baltic Dry Index Touches Over 1-month Low
The Baltic Exchange's main sea freight index extended losses to hit a more than one-month low on Wednesday, pressured by lower rates across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 104 points, or 4.1%, to 2,410 points.The capesize index fell 211 points, or about 7.9%, to 2,457 points.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were down $1,748 at $20
Baltic Dry Index Rises for Fourth Month
The Baltic Exchange's main sea freight index rose for a fourth straight month, though gains were capped as it slipped for a sixth consecutive session on Tuesday.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 5 points, or 0.2%, to 2,566.However, the index gained about 6.7% for the month.The capesize index fell by 74 points, or about 2.9%, to 2,668 points…
Baltic Dry Index Gains for Sixth Week
The Baltic Exchange's main sea freight index rose on Friday to gain for a sixth consecutive week on stronger vessel rates across segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, gained 55 points, or 1.7%, to 3,344 points. It rose 7.7% for the week.The capesize index rose 141 points, or 3.2%, to 4,526 points. The index rose for a sixth straight week…
Baltic Dry Index Gains as Rates Firm for All Vessels
The Baltic Exchange's main sea freight index rose on Thursday, due to higher rates for all vessels.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 100 points, or 3.1%, at 3,289 points, the highest since December 9.The capesize index gained 221 points, or 5.31%, to 4,385 points.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were up $1,837 at $36,368.Strong demand for
Capesize Strength Propels Baltic Dry Index to Fifth Straight Weekly Gain
The Baltic Exchange's main sea freight index slipped on Friday, but registered its fifth consecutive weekly rise bolstered by gains in the capesize vessel segment.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell 13 points, or 0.4%, at 3,104 points on Friday. It was up 14.2% this week.The capesize index fell 18 points, or about 0.5%, at 3…
Baltic Dry Index Nears Five-month Peak
The Baltic Exchange's main sea freight index rose to a near five-month high on Tuesday, as rates rose for all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 108 points, or 3.8%, to 2,939 points, the highest since December 13.The capesize index rose 276 points, or 8.7%, to 3,461 points.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, increased $2,291 to $28,703.Mean
Baltic Dry Index Rises to Over Two-week Peak
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to a more than two-week high on Thursday, driven by gains in the capesize segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 97 points, or 4.53%, to 2,239 points, the highest since April 4.The capesize index jumped 273 points, or 20%, to 1,636 points, also a peak since April 4.Average daily earnings for capesizes, which typica
Baltic Dry Index Snaps 13-session Losing Streak
The Baltic Exchange's dry bulk sea freight index snapped a 13-session losing streak on Tuesday, as gains in panamax outweighed losses in the capesize and supramax segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, edged up 4 points, or about 0.2%, to 2,035 points.The panamax index climbed 77 points, or about 2.8% to 2,862 points.Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, in
Baltic Dry Index Continues Skid
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…
Baltic Dry Index Slides to Lowest in Over Five Weeks
The Baltic Exchange's dry bulk sea freight index hit its lowest in over five weeks on Thursday, dragged down by declining rates across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 67 points, or 3.2%, to 2,061 points.The capesize index fell 73 points, or 4.9%, to 1,417 points, touching its lowest in seven weeks.Average daily earnings for capesizes, which typically transport 150,000 tonne cargoes such as iron ore and coal,
Baltic Dry Index Falls for Ninth Day
The Baltic Exchange's dry bulk sea freight index on Tuesday fell for a ninth consecutive session, on a dip in rates across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 94 points to 2,213 points.The capesize index fell 172 points, or 9.6%, and touched its lowest in more than a month at 1,624 points.Average daily earnings for capesizes, which typically transport 150,000 tonne cargoes such as iron ore and coal, dropped by $1
Baltic Dry Index Drops to 3-week Low, Ends Quarter Higher
The Baltic Exchange's dry bulk sea freight index fell to its lowest level in over three weeks on Thursday, dragged by sliding panamax and supramax vessel rates, although the main index posted monthly and quarterly gains.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dipped 11 points, or about 0.5%, to 2,358 points, its lowest since March 8.The main index has gained about 6.4% this quarter and 15.6% in March…
Capesize Dip Drags Baltic Dry Index
The Baltic Exchange's dry bulk sea freight index inched lower on Thursday as a drop in the larger capesize segment countered gains in panamax and supramax rates.The overall index, which factors in rat
Baltic Dry Index Down as Bulker Rates Slide
The Baltic Exchange's dry bulk sea freight index dipped on Wednesday as rates dropped across all the vessel segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell 98 points to 2,591 points.The capesize index fell 191 points to 2,632 points.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, decreased $1,583 to $21,830.Benchmark Dalian and Singapore iron ore futures reboun