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Baltic Index Marks First Yearly Gain in Three
The Baltic Exchange's main sea freight index posted its first annual gain in three years on Thursday as iron ore shipments to China bounced higher, despite a hit to shipping activity due to the coronavirus pandemic.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was up 4 points, or 0.3%, at 1,366, its highest level in over eight weeks.The index firmed by 3.1% this week…
Baltic Index Rises to Highest in Six Weeks
The Baltic Exchange's main sea freight index rose to its highest since early November on Tuesday, helped by stronger rates across vessel segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was up by 38 points, or about 3%, at 1,273, its highest level since Nov. 2.The capesize index rose 102 points, or 6.9%, to 1,583, its highest since Nov.
Baltic Index Posts Weekly Gain
The Baltic Exchange's main sea freight index gained on Friday, and notched a weekly rise, on stronger rates across all vessel segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, rose by 50 points, or 4.3%, at 1,211, its highest since Nov. 30. The index rose 1.2% for the week.The capesize index gained 114 points, or 8.6%, at 1,434, a one-week high.But the index fell 5.7% this week…
Baltic Index Dips as Capesizes Slide to Near 6-month Low
The Baltic Exchange's main sea freight index fell on Tuesday, as concerns over trade frictions between Australia and China on coal shipments sent capesize rates to a near six-month low.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was down by 41 points or 3.5%, to 1,121, its lowest since Nov. 18.The capesize index was down 140 points, or about 10%, at 1,279, a trough since June 10.Average daily earnings for capesizes…
Baltic Index at 3-week High as Vessel Rates Climb
The Baltic Exchange's main sea freight index rose for an eighth straight session to its highest in three weeks on Thursday, steered by stronger rates across all vessel segments.The Baltic dry index, which tracks rates for capesize, panamax, and supramax vessels, rose by 22 points, or 1.8%, to 1,219, its highest since Nov. 4.The capesize index added 40 points, or 2.7%, to 1,509 - hitting a two-week high.Average daily earnings for capesizes…
Four New Dual-fuel Bulkers to Support U-Ming Charter Deal
U-Ming Marine Transport Corporation, Taiwan’s largest publicly listed bulk carrier company, secured a 10-year liquefied natural gas (LNG) dual-fuel dry bulk charter contract with global mining company Anglo American.A fleet of four LNG dual-fuel Tier III 190,000 DWT bulk carriers measuring 299 by 47.5 meters each will be built by Shanghai Waigaoqiao Shipbuilding (SWS) to support the charter. The new…
Baltic Index Edges Higher on Stronger Capesizes Rates
The Baltic Exchange's main sea freight index, which tracks rates for capesize, panamax and supramax vessels, edged up on Friday on stronger rates for the capesize vessel segment.The Baltic dry index was up 2 points, or 0.2%, at 1,196.However, the index lost 6.9% this week, its fifth straight weekly loss.The capesize index rose 30 points, or 1.8%, to 1,739, but declined about 8.8% for the week.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore a
Baltic Index Hits Over Four-month Low
The Baltic Exchange's main sea freight index fell to a more than four-month low on Tuesday as weak demand from China dragged down vessel rates across all segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, was down 21 points, or 1.6%, at 1,263, its lowest since mid-June.The lack of demand from China has pulled out freight rates from a period of little movement seen in the third quarter and sent prices to multi-month lows, said Peter Sand, the chief shipp
Baltic Index Hits Over Two-month High
The Baltic Exchange's main sea freight index on Friday hit an over two-month high on higher vessel rates across segments, and along with the capesize index posted its highest weekly rise since mid-June.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, was up 62 points, or 3.9%, at 1,667 points.The index gained 28.6% this week.The capesize index gained 161 points…
Baltic Index Posts Weekly Gain
The Baltic Exchange's main sea freight index inched up on Friday helped by an uptick in panamax and supramax rates, and posted its first weekly gain in three due to robust capesize rates.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, was up by 2 points at 1,296 points.The index rose 2.3% this week.The capesize index fell 14 points, or 0.7%, to 1,900 points, even as it gained 3.3% for the week.Average
Baltic Index Gains as Capesize Vessel Rates Rise
The Baltic Exchange's main sea freight index rose for a second consecutive session on Tuesday, buoyed by stronger rates for capesize vessels.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, was up seven points, or 0.5%, at 1,289 points.The capesize index gained 24 points, or 1.3%, at 1,922 points, hitting its highest since Sept.
Baltic Index Retreats as Capesize Rates Drop
The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, Panamax and supramax vessels, shed 16 points, or 1.1%, at 1,488.The index registered a small 0.5% weekly gain. The capesize index fell 46 points, or 2%, to 2,218. However, the capesize index registered a 2.7% weekly gain.Average daily earnings for capesizes, which typically transport cargoes of 170…
Baltic Index Posts Weekly Fall
The Baltic Exchange's main sea freight index fell on Friday, posting its first weekly fall in four weeks as demand for capesize and panamax vessels dropped.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, fell 37 points, or 2.4%, to 1,481, ending the week 7.1% lower.The capesize index declined 79 points, or 3.5%, to 2,160, lowest in more than three weeks.
Baltic Index Rises for 12th Straight Session
The Baltic Exchange's main sea freight index rose for the 12th straight session on Thursday, helped by an uptick in demand for all vessel segments.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, was up 37 points, or 2.4%, at 1,577, its highest since July 21.The Baltic capesize index rose 52 points, or 2.2%…
Baltic Index Ticks Upward
The Baltic Exchange's main sea freight index climbed on Monday, as demand for capesize and panamax vessels rose.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, was up 35 points, or 2.6%, at 1,385.The Baltic capesize index rose 91 points, or 4.1%, to 2,297.Average daily earnings for capesizes, which typically transport cargoes of 170,000 tonnes to 180,000 tonnes, including iron ore and coal, were up $7
Baltic Index Snaps 7-day Losing Streak
The Baltic Exchange's main sea freight index rose on Wednesday, after declining for seven consecutive sessions, as rates for larger capesize and panamax vessels bounced back after a series of declines.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose 53 points, or 4.2%, to 1,317.The Baltic capesize index gained 145 points, or 7.3%, to 2,137.
Baltic Index Hits Over One-month Low
The Baltic Exchange's main sea freight index dropped to a more than one-month low on Thursday, dragged down by weakness across all vessel segments.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, fell 85 points, or 5.8%, to 1,388, its lowest since June 17.The Baltic capesize index slumped 190 points, or 7.8%, to 2,236, its lowest in over a month.Average daily earnings for capesizes, which typically tra
Baltic Index Inches Up on Rising Capesize Rates
The Baltic Exchange's main sea freight index edged up on Friday, helped by rising rates for capesize vessels.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose 11 points, or about 0.6%, to 1,710.The Baltic capesize index rose 54 points, or 1.8%, to 3,025.Average daily earnings for capesizes, which typically transport cargoes of 170,000 tonnes to 180,000 tonnes, including iron ore and coal, was up by
Baltic Index Falls as Lower Vessel Rates Bite
The Baltic Exchange's main sea freight index fell on Wednesday, weighed by capesize rates hitting their lowest level in nearly a month and lower earnings at the panamax segment.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, fell 46 points, or about 2.6%, to 1,696.The Baltic capesize index dropped 141 points, or 4.6%, to 2,941, touching its lowest level since June 17.Average daily earnings for capesiz
Baltic Index Slides on Lower Capesize Rates
The Baltic Exchange's main sea freight index fell on Tuesday weighed by falling rates for capesize vessels, while the panamax segment was flat following eight straight sessions of gains.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, fell 50 points, or about 2.8%, to 1,742.The Baltic capesize index lost 169 points, or 5.2%, to 3,082, its lowest since June 17.Average daily earnings for capesizes, which