MarineLink News Search
Search term • Baltic-Dry-Index
Create an email alert for Baltic-Dry-Index
Baltic Dry Index Gains for Third Straight Week
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, gained for the third straight week, helped by higher rates for all vessel segments, largely capesizes.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 45 points, or about 3.3%, at 1,424, the highest since late-December 2022, on Friday.The main index was up about 17.6% for the week.The capesize index gained 82 points, or about 5%, at 1,744.
Baltic Dry Index Hits Over 10-week High
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to its highest level since late December on Monday, supported by stronger rates across capesize and panamax segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 47 points, or about 3.9%, to 1,258, its highest since Dec. 23.Among other vessel segments…
Baltic Dry Index Rises for Second Week
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, climbed to a two-month peak on Friday, as well as marked its second straight weekly rise, supported by improving demand for capesize and panamax vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 66 points, or 5.8%, to 1,211, its highest since January 3.The main index rose about 37.2% for the week.Among other vessel segments…
Baltic Dry Index Logs Sixth Straight Weekly Fall
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the sixth straight week as demand for the panamax segment remained weak.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 10 points, or 1.7%, at 602 on Friday.The index, however, was down 3.1% for the week.The capesize index gained 34 points, or 7.5%, at 486.
Baltic Dry Index Hits Nearly Three-year Low
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell to the lowest in nearly three years, pressured by weaker rates across vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, fell 13 points, or about 2.1%, to 608, its lowest since early-June 2020.The capesize index lost 10 points, or about 2.3%, to over a five-month low of 419.Average daily earnings for c
Baltic Dry Index Logs Fifth Straight Weekly Drop
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the fifth straight week on Friday, pressured by weaker rates across vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, fell 19 points, or about 3%, to 621, its lowest since mid-June 2020.The main index was down 8.1% for the week.The capesize index lost 16 points…
Baltic Dry Index Records Fourth Consecutive Weekly Drop
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, marked its fourth consecutive weekly fall on Friday as capesize demand remained numb.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down one point to 676, levels last seen during June 2020. The index was down 11.4% for the week.The capesize index lost 15 points, or about 2.7%, at 534, a near five-month low.
Iron Ore Shipments Drop 13.1% to Start 2023
2023 has so far been a disappointment for the dry bulk shipping sector, despite hopes that a quick economic recovery in China would boost iron ore demand,. During the first three weeks of the year, iron ore shipments fell 13.1% year on year, the lowest volume since at least 2019, worsening conditions for capesizes. In this period, the Baltic Dry Index (BDI) declined by almost 500 points to 763 on 20 January…
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 transp
Baltic Dry Index Falls to Fresh 2.5-year Low
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, extended losses on Thursday to a fresh two-and-a-half-year low, pressured by a dip in rates for capesize vessels.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 73 points, or about 8.4%, at 801, its lowest since June 2020.The capesize index fell to a four-month low, losing 214 points, or about 19.3%, to 893, also marking its worst day this
Baltic Dry Index Near Multi-year Low
The Baltic Exchange's main sea freight index was unchanged on Monday, languishing near the multi-year low touched last week, as a slight uptick in rates for larger vessels countered a fall in the supramax segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was flat at 946 points.The capesize index gained 12 points, or about 1%, to 1,311.Average daily earnings for capesize vessels, which typically transport 150,000-tonne cargoes such as iron ore
Baltic Dry Index Snaps Six-session Losing Streak
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, ended a six-session losing streak on Monday, as an uptick in capesize rates outweighed losses in panamax and supramax segments.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, edged up nine points, or 0.8%, to 1,139.The capesize index gained 84 points, or 5.56%, to 1,596.Average daily earnings for capesizes, which typically transport 150,000-tonne c
Baltic Dry Index Logs Best Week in 12
The Baltic Exchange's dry bulk sea freight index rose on Friday and posted its biggest weekly percentage gain since late-September, buoyed by strong demand for capesize vessels.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, rose 32 points, or about 2.1%, at 1,560, its highest since Oct. 27.The main index gained 12.6% for the week, its biggest weekly gain since Sept.
Baltic Dry Index Logs Best Day in Nearly Three Months
The Baltic Exchange's dry bulk sea freight index rose on Thursday to mark its biggest one-day percentage gain since mid-September, underpinned by a jump in capesize rates.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, gained 127 points, or about 9.1%, to 1,528 - its highest since Oct. 28.The capesize index climbed 372 points, or about 21.6%, to 2,095, its highest level since Oct.
Baltic Dry Index Up as Capesizes Hit Six-week High
The Baltic Exchange's dry bulk sea freight index rose for a third straight session on Thursday, helped by stronger demand for capesize vessels.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, rose 12 points, or about 0.9%, to 1,385, its highest in four weeks.The capesize index gained 40 points, or 2.5%, to 1,675, its highest since Oct.
Baltic Dry Index Snaps Nine-day Losing Streak
The Baltic Exchange's dry bulk sea freight index rose on Wednesday for the first time in ten sessions, helped by an uptick in capesize rates.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, added 35 points, or about 3%, to 1,184.The capesize index added 127 points, or 11.6%, to hit its highest in a week at 1,219.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of coal and steel-making
Baltic Dry Index Posts Weekly Fall
The Baltic Exchange's dry bulk sea freight index fell to a more than two-month low on Friday and posted a weekly decline as demand for capesize vessels dropped.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities shed 39 points, or 3.2%, to 1,189, its lowest since Sept. 8.The main index dropped 12.3% for the week, its fifth weekly fall in six.The capesize index lost 66 points…
Baltic Dry Index Posts Best Day in a Month
The Baltic Exchange's dry bulk sea freight index rose for a fourth straight session on Wednesday to mark its biggest one-day percentage gain in a month, supported by stronger demand for capesize vessels.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, rose 37 points, or about 2.7%, to 1,393, the highest level since Oct. 31.The capesize index rose 144 points, or about 9.7%, to 1,637, the highest level since Oct.
Baltic Dry Index Marks Worst Week in Three Months
The Baltic Exchange's dry bulk sea freight index on Friday marked its worst week since early August, primarily weighed down by weakness in the larger capesize and panamax vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, fell 78 points, or about 4.8%, to 1,534.The main index fell 16% for the week, also marking a third consecutive weekly drop.The capesize index fell 78 points…
Steady Demand Propels Baltic Dry Index to Weekly Gains
The Baltic Exchange's main sea freight index fell on Friday pressured by a dip in the capesize segment, but posted a weekly rise powered by overall gains across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 31 points, or about 1.6%, to 1,961.It posted a weekly gain of 11.4%, gaining for five out of the last six weeks.The capesize index lost 110 points, or about 4.4%, at 2,396, but notched up a 23% weekly gain.Average daily