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Baltic Dry Index Slides for 12th Day
The Baltic Exchange's dry bulk sea freight index fell for a 12th straight session on Monday, hurt by declining capesize rates.The overall index, which factors in rates for capesize, panamax and supramax vessels, fell 24 points, or 1.7%, to 1,391, its lowest since mid-February 2021.The capesize index slipped 55 points, or 6.2%, to 836, its lowest since June 2020.Average daily earnings for capesizes, which transport 150,000-tonne cargoes such as iron ore and coal, dropped by $455 to $6,935.Iron or
Baltic Dry Index Extends Losing Streak to Tenth Day
The Baltic Exchange's dry bulk sea freight index fell for a tenth straight session on Thursday, touching its lowest level in about a year, on waning demand across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax vessels, fell 96 points, or 6.1%, to 1,474, its lowest since February 2021.The capesize index dropped 195 points, or 15.9%, to 1,031, its lowest since Feb.
Baltic Dry Index Edges Lower
The Baltic Exchange's dry bulk sea freight index edged lower on Friday, as a decline in panamax and supramax vessel rates outweighed gains in the capesize segment.The overall index, which factors in rates for capesize, panamax and supramax vessels, fell 7 points to 2,289.The index has risen more than 3% this week, after posting two straight week of losses.The capesize index rose 76 points, or 3.2%, to 2,432.Average daily earnings for capesizes, which transport 150,000-tonne cargoes such as iron
Baltic Dry Index Inches Higher on Firm Capesize Demand
The Baltic Exchange's dry bulk sea freight index edged higher on Thursday, buoyed by an uptick in capesize and panamax vessel rates.The overall index, which factors in rates for capesize, panamax and supramax vessels, gained 7 points to 2,296The capesize index rose 55 points, or 2.4%, to 2,356Average daily earnings for capesizes, which transport 150,000-tonne cargoes such as iron ore and coal, rose by $451 to $19,535Iron ore futures rose on Thursday, on expectations of a recovery in Chinese dema
Baltic Dry Index Steady as Higher Panamax Rates Offset Capesize Dip
The Baltic Exchange's dry bulk sea freight index was little changed on Wednesday, as higher rates for panamax vessels countered a dip in the capesize and supramax segments.The overall index, which factors in rates for capesize, panamax and supramax vessels, rose by 4 points to 2,289.The capesize index fell 49 points, or 2.1%, to 2,301, its lowest level since late-March, 2021.Average daily earnings for capesizes, which transport 150,000-tonne cargoes such as iron ore and coal, decreased by $406 t
Baltic Dry Index Edges Up from 8-month Low
The Baltic Exchange's dry bulk sea freight index rose on Tuesday, crawling away from a more than eighth month low, helped by strong demand for capesize and panamax vessels.The overall index, which factors in rates for capesize, panamax and supramax vessels, gained 68 points, or 3.1%, to 2,285, snapping a 12 session losing streak.The capesize index rose 38 points, or 1.6%, to 2,350.Average daily earnings for capesizes, which transport 150,000-tonne cargoes such as iron ore and coal, increased by
Baltic Dry Index Extends Fall as Vessel Rates Slide
The Baltic Exchange's dry bulk sea freight index fell for the ninth straight session on Tuesday, hovering near an eight-month low, tracking a retreat across its vessel segments.The overall index, which factors in rates for capesize, panamax and supramax vessels, shed 77 points, or 3.3%, to 2,294, its lowest since April 14."It seems that the overall market has already entered a correction path just a breath before the close of the year," Allied Shipbroking said in a weekly note.The capesize index
Baltic Dry Index Marks Worst Week in Nearly Three Years
The Baltic Exchange's dry bulk sea freight index declined on Friday, posting its biggest weekly fall since early February 2019, as demand waned across its vessel segments.The overall index, which factors in rates for capesize, panamax and supramax vessels, was down 119 points, or 4.8%, to its lowest level since mid-April at 2,379.The main index lost 27.3% this week.The capesize index shed 167 points, or 5.8%, to an over six-month low of 2,727.
Baltic Dry Index Drops to One-month Low
The Baltic Exchange's dry bulk sea freight index fell to its lowest level in a month, as rates declined across all its vessel segments, with capesizes touching their lowest in six months.The overall index, which factors in rates for capesize, panamax and supramax vessels, dropped 167 points, or 6.3%, to 2,498, its lowest since Nov.
Baltic Dry Index Rises for Ninth Day as Vessels Gain
The Baltic Exchange's dry bulk sea freight index extended gains for a ninth straight session on Tuesday, tracking firm rates across all its vessel segments.The overall index, which factors in rates for capesize, panamax and supramax vessels, advanced 117 points, or 3.6%, to 3,352, touching its highest level since Nov. 1.The capesize index rose 284 points, or 6%, to 4,983, its highest since Oct. 26.Average daily earnings for capesizes…
Baltic Dry Index Sees Best Day in Nearly Two Months
The Baltic Exchange's dry bulk sea freight index posted its best day in nearly two months on Monday, boosted by stronger rates across vessel segments.The overall index, which factors in rates for capesize, panamax and supramax vessels, gained 114 points, or 4.1% to 2,881, a peak since Nov. 3The main index marked its highest single-day rise since Oct.
Baltic Dry Index Rises as Smaller Vessels Lend Support
The Baltic Exchange's dry bulk sea freight index rose on Thursday, buoyed by gains for panamax and supramax vessels that countered a dip in rates for the larger capesize segment.The overall index, which factors in rates for capesize, panamax and supramax vessels, gained 24 points, or 1%, to 2,678 points.The capesize index shed 46 points, or 1.2%, to 3,776.Average daily earnings for capesizes, which transport 150…
Baltic Dry Index Gains as Vessel Rates Firm
The Baltic Exchange's dry bulk sea freight index rose for a fourth straight session on Tuesday to its highest level in a week as rates rose across its vessel segments.The overall index, which factors in rates for capesize, panamax and supramax vessels, gained 70 points, or 2.7%, to 2,715 points.The capesize index rose 171 points, or 4.4%, to 4,055, its highest in more than three weeks.Average daily earnings for capesizes, which transport 150,000-tonne cargoes such as iron ore and coal, rose $1,4
Gains in Bigger Vessels Lift Baltic Dry Index
The Baltic Exchange's dry bulk sea freight index climbed to its highest in a week on Monday, helped by improved rates for the larger capesize and panamax vessel segments.The overall index, which factors in rates for capesize, panamax and supramax vessels, gained 93 points, or 3.6%, to 2,645 points, rising for a third straight session.The capesize index rose 274 points, or 7.6%, to its highest in three weeks at 3,884.Average daily earnings for capesizes, which transport 150,000-tonne cargoes such
Baltic Dry Index Extends Losses as Vessel Rates Drag
The Baltic Exchange's dry bulk sea freight index fell for a fifth straight session on Wednesday to its lowest in more than five months, as rates slipped across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax vessels, dropped 161 points, or 6.2% - the most in two weeks - to its lowest since June 8 at 2,430 points.The capesize index shed 319 points, or 9.4%, to its lowest since early June at 3,064.Average daily earnings for capesizes, which transpor
Baltic Dry Index Slides to Five-month Low
The Baltic Exchange's dry bulk sea freight index on Tuesday declined to its lowest level since early June, weighed by lower demand for the larger capesize and panamax vessel segments.The overall index, which factors in rates for capesize, panamax and supramax vessels, fell 168 points, or 6.1%, to 2,591, its lowest level since June 9.The main index was down for a fourth straight session.The capesize index shed 369 points, or 9.8%, to a more than one-week low of 3,383.Average daily earnings for ca
Baltic Dry Index Records First Weekly Gain in Five
The Baltic Exchange's dry bulk sea freight index eased on Friday, but posted its first weekly rise in five weeks, helped by stronger rates for the larger capesize vessel segment.The overall index, which factors in rates for capesize, panamax and supramax vessels, was down 37 points, or 1.3%, at 2,807.The main index gained 3.4% for the week.The capesize index eased 36 points, or 0.9%, to 3,836, snapping a five-session winning streak.
Baltic Dry Index Falls to Five-month Low
The Baltic Exchange's dry bulk sea freight index dropped to its lowest in five months on Wednesday, as rates across vessel segments fell.The overall index, which factors in rates for capesize, panamax and supramax vessels, fell by 295 points, or 9.3%, to 2,892, the lowest level since June 11.The capesize index fell 461 points, or 12.3%, to 3,275, its weakest since June 10.Average daily earnings for capesizes, which transport 150,000-tonne cargoes such as iron ore and coal, fell $3,825 to $27,162
Baltic Dry Index Slips to Three-month Low
The Baltic Exchange's dry bulk sea freight index declined to its lowest in nearly three months on Monday, as rates across its vessel segments weakened.The overall index, which factors in rates for capesize, panamax and supramax vessels, fell by 91 points, or 2.6%, to 3,428, the lowest level since August 11.The capesize index fell 147 points, or 3.4%, to 4,202, its weakest since end-July.Average daily earnings for capesizes, which transport 150,000-tonne cargoes such as iron ore and coal, fell $1
Baltic Dry Index Logs Worst Month Since January 2020
The Baltic Exchange's dry bulk sea freight index eased on Friday and posted its biggest monthly fall since January 2020, hurt by a decline in rates across all vessel segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, fell 111 points, or 3.1%, to 3,519, its lowest since Aug. 12.The index fell more than 30% this month and was down 20.2% this week.Concerns…