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Baltic Dry Index Logs Best Month in Two Years
The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk commodities, rose on Friday and logged its best month in 2 years propelled by a corresponding rise in capesize and panamax demand.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, snapped its four-session long streak of declines to gain 3 points to 1,760. It jumped about 82.4% for the month…
Capesize Dip Drags Baltic Dry Index Lower
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, edged down on Tuesday pressured by a dip in rates for the larger capesize vessel segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 6 points, or about 0.3%, to 1,807.Even after an improvement in both basins (Atlantic and Pacific) last week for the capesize segment…
Baltic Dry Index On the Rise
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, edged up on Wednesday as capesize and supramax vessel segments gained.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 17 points, or about 1%, at 1,746, in its second day of gains after Tuesday's 11.3% jump."The recent weather disruption in Asia supported owners’ sentiment which coupled with the strong grain stems out of both the ECSA and NCSA
Baltic Dry Index Logs Best Week in Seven Months
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, marked its best week in over seven months, largely driven by a 126% weekly gain in the capesize vessel segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, recorded its third weekly gain of about 28%, highest since mid-February.However, the dry index snapped its seven-day long gaining streak…
Baltic Dry Index Rises on Gains Across Vessel Segments
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, extended gains on Wednesday, helped by an uptick across all vessel segments led by a jump in the larger capesize segment.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was up 187 points, or about 13.3%, its largest gain in over seven months, at 1,595.The capesize index gained 486 points, or about 45%, to hit its highest in over a month at 1,565.Av
Baltic Dry Index Rises on Higher Rates for Larger Vessels
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday as rates for larger vessel segments increased.The overall index, which factors in rates for capesize, panamax, supramax shipping vessels, was up for the fourth consecutive session, gaining 43 points, or about 3.5%, at 1,256.Market conditions are expected to improve for the rest of 2022 and further in 2023 as the EU's ban on Russian coal will add tonne miles…
Baltic Dry Index Rises on Panamax Gains
The Baltic Exchange's main sea freight index rose on Friday and recorded its best week in about four months as panamax rates marked their biggest weekly gain in more than eight years. The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was up 35 points, or about 3%, at 1,213. The index recorded a weekly gain of about 11.7%, its highest since mid-May.The capesize index snapped its three-day falling streak, gaining 20 points, or about 3%, to 672.
Baltic Dry Index Up as Panamax Rates Climb
The Baltic Exchange's main sea freight index extended gains on Thursday as rates for the panamax vessel segment rose for the sixth straight session.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was up 45 points, or about 4%, at 1,178, a two-week high.The capesize index fell for the third consecutive session, losing 4 points, or about 0.6%, to 652.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as coal an
Baltic Dry Index Extends Dip
The Baltic Exchange's main sea freight index fell for a fourth straight session on Tuesday as weakness in Chinese steel consumption took a toll on capesize demand, while rates for other vessel segments also retreated.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 65 points, or about 6%, to 1,017 points, a more than two-year low.The capesize index fell for the fourth consecutive session…
Baltic Dry Index Slides Sharply as Capesizes Hit Two-year Trough
The Baltic Exchange's main sea freight index registered its worst fall in three months on Thursday, weighed down by lower demand for coal and iron ore cargoes as steel output fell in China.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 90 points, or about 7.4%, to 1,123 points, a fresh low since Dec.
Baltic Dry Index Dips Further as Demand Weakens for Larger Vessels
The Baltic Exchange's main sea freight index extended its slide on Monday, hitting a fresh 18-month low, as demand for capesize and panamax vessel segments remained subdued.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 9 points, or 0.7%, to 1,270 points, its lowest level since December 2020.The capesize index fell for the third straight session, shedding 9 points, or about 1.2%, to 747 points, its lowest in more than six months.Average daily
Baltic Dry Index Drops for Fourth Week
The Baltic Exchange's main sea freight index fell to a fresh six-month low on Friday and posted its fourth consecutive weekly decline as rates slid across vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 79 points, or 5.1%, to 1,477 points. It was down 5.3% on the week.The capesize index lost 224 points, or 14.6%, to a six-month low of 1,314 points.
Baltic Dry Index Slips to Six-month Low
The Baltic Exchange's main sea freight index dipped to a near six-month trough on Friday and registered its worst week in more than two months, hit by weakness across vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 43 points to 1,560, its lowest since Feb. 8.Neils Rasmussen, chief shipping analyst at BIMCO, attributed recent declines…
Baltic Dry Index Extends Losses to Seventh Session
The Baltic Exchange's main sea freight index posted a loss on Tuesday for the seventh straight session, its longest losing streak in about four months, pressured by lower rates across vessel segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, lost 55 points, or 2.9%, to 1,817 points.The capesize index dropped 91 points, or 4.4%, to 1,971 points.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such
Baltic Dry Index Falls to 5-month Low
The Baltic Exchange's main sea freight index hit its lowest in over five months on Thursday as rates across vessel segments extended their retreat.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, logged its worst daily fall in a fortnight, shedding 62 points, or 3.1%, to 1,945 points, its lowest since Feb. 17.The capesize index lost 143 points, or 6.1%…
Baltic Dry Index Dips to Two-week Low
The Baltic Exchange's main sea freight index fell to a nearly two-week low on Tuesday as rates across its vessel segments declined.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, shed 53 points, or 2.5%, to 2,061 points, the lowest since July 14.The capesize index fell for the second straight session, losing 141 points, or 5.4%, to 2,455 points, a near two-week low.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes
Higher Rates for Smaller Vessels Lift Baltic Dry Index
The Baltic Exchange's main sea freight index rose on Thursday as an uptick in rates for smaller panamax and supramax vessels offset weakness in the capesize segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 5 points, or 0.24%, at 2,118 points, snapping two sessions of losses.The capesize index fell for the third straight session, losing 66 points, or 2.4%, to 2,653 points.Average daily earnings for capesizes, which typically transport 1
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…