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Baltic Dry Index Drags
The Baltic Exchange's dry bulk sea freight index fell to a one-and-a-half month low on Wednesday and posted its biggest daily percentage fall since January, weighed down by weak demand across all vessel segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, fell by 248 points, or 6.1%, to 3,808, its lowest since Sept. 9.The capesize index shed 476 points or about 9% to 4,828, a trough since Aug.
Baltic Dry Index Extends Losses
The Baltic Exchange's dry bulk sea freight index fell for a fourth straight session Tuesday, weighed down by weak demand across all vessel segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, fell by 201 points, or 4.7%, to 4,056, its lowest since Sept. 10.The capesize index fell 478 points, or 8.3%, to 5,304, its lowest since Sept.
Baltic Dry Index Falls for 7th Day as Capesizes Drag
The Baltic Exchange's dry bulk sea freight index extended losses for a seventh straight session on Monday, as a drop in capesize rates offset gains in the smaller vessel segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, fell by 122 points, or 2.5%, to 4,732.The capesize index fell 409 points, or 5.3%, to 7,358, its lowest since Sept.
Baltic Dry Index Extends Rally
The Baltic Exchange's main dry bulk sea freight index extended its rally on Wednesday as robust demand and port congestion propelled the capesize index above 10,000 points for the first time in more than 13 years.The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, rose 238 points, or 4.4%, to 5,647, its highest since September 2008.The gains in the main index were mostly driven by a jump in the capesize segment, which added 723 points, or 7.4%, to 10,
Capesize Surge Boosts Baltic Dry Index to 53% Quarterly Gain
The Baltic Exchange's main sea freight index eased on Thursday, but still gained about 53% for the quarter on the back of robust demand for dry bulk vessels, especially capesizes.The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, fell 30 points, to 5,167, from the 13-year peak it scaled on Wednesday.Most of the quarterly gains were driven by the strength in the capesize segment, which transports 150,000-tonne cargoes such as iron ore and coal.
Baltic Dry Index Extends Rally, Hits 13-year High
The Baltic Exchange's main dry bulk sea freight index extended its rally on Tuesday, rising about 5% to its highest in 13 years, steered by strong gains in capesize rates, and helped by demand for smaller vessels.The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, jumped 245 points, or 5.2%, to 4,962, its highest since September 2008.The capesize index advanced 722 points…
Baltic Dry Index Hits 12-year Peak
The Baltic Exchange's main dry bulk sea freight index rose for a fourth straight session on Wednesday to a 12-year high, buoyed by higher rates across vessel segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, rose 150 points, or 3.4%, to 4,560, its highest since November 2009.Strong iron ore and coal trades are driving dry bulk rates higher, brokerage Jefferies said in a note."Congestion and other inefficiencies related to COVID-19 and geopo
Baltic Dry Index Slides to Three-week Low
The Baltic Exchange's main dry bulk sea freight index dropped on Tuesday to its lowest since mid-August, as demand eased across all vessel segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, fell for a sixth straight session by 115 points, or 3%, to 3,707, its lowest since Aug. 17.The capesize index declined 271 points, or 5.1%, to 5,091, its lowest in three weeks.Average daily earnings for capesizes…
Baltic Dry Index Logs First Weekly Dip in Seven
The Baltic Exchange's main dry bulk sea freight index retreated to a two-week low on Friday on lower rates for all vessels, steering it to its first weekly decline in seven.The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, fell 57 points, or 1.4%, to 3,944, its lowest since Aug. 18.The main index fell about 7% for the week.The capesize index declined 91 points…
Baltic Dry Index Posts Monthly Gain but Slips from 11-year High
The Baltic Exchange's main dry bulk sea freight index eased from a more than 11-year high on Tuesday, but the index notched up its second monthly gain in three due to global shipping constraints and robust demand.The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, declined 103 points, or 2.4%, to 4,132.It rose 25.5% in August, boosted by the closure of China's Ningbo port…
Baltic Dry Index Snaps 11-session Rally
The Baltic Exchange's main dry bulk sea freight index fell on Wednesday, halting a 11-session rally that saw it scale its highest level in over a decade, as the larger capesize vessel segment retreated.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell 8 points to 4,193.The main index hit its highest level since mid-2010 on Monday, in a rally…
Baltic Dry Index Rises to Highest Peak Since 2010
The Baltic Exchange's main sea freight index on Monday rose to a more than 11-year peak on rising demand for all vessel sizes, with capesize rates extending their winning run to an 11th straight session.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 55 points, or about 1.3%, to its highest since mid-2010 at 4,147.The main index has risen for nine straight sessions.The capesize index gained 2% or 117 points to a nearly 12-year high a
Baltic Dry Index Extends Rally
The Baltic Exchange's main sea freight index jumped to its highest in more than a decade, powered by strong demand across vessels ferrying dry bulk commodities and shipping constraints in China.The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, rose about 5% to its highest since mid-2010 at 3,833 points.Peter Sand, chief shipping analyst with trade association BIMCO…
Baltic Dry Index Rises Above 11-year Peak
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rallied to its highest in more than 11 years on Friday, fuelled by strong demand across vessel segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, jumped to 3,566, up about 2% or 63 points, at its highest level since mid 2010.The main index also registered a 5.8% gain for the week…
Baltic Dry Index Jumps to Over One-month High
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose to its highest in over a month on Wednesday as demand across vessels segments rose.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 35 points, or about 1%, at 3,410 points, a peak since June 29.The capesize index snapped a three-session losing streak to rise 56 points, or 1.3%, to 4,384 points, its highest since Aug.
Smaller Vessel Gains Buoy Baltic Dry Index
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, edged up on Tuesday, supported by gains in rates of panamax and smaller vessel segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up four points at 3,375, the highest since Aug.
Baltic Dry Index Eases on Capesize, Panamax Slide
The Baltic Exchange's main sea freight index dipped on Monday on losses in the large and medium-sized vessel segments.The index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, inched 10 points lower, or 0.3%, to 3,282.The capesize index dropped 34 points, or 0.8%, to 4,272.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of iron ore, lost $284 to $35,429.Chinese ferrous futures fell on Monday, with st
Baltic Dry Index Posts Fifth Straight Weekly Rise
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, posted gains for a fifth straight week on Friday as capesize rates strengthened.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 19 points, or 0.6%, to 3,300 and was up 0.5% for the week.The capesize index was up 86 points, or 2.4%, at 3,735, rising 6.4% since last week.Average daily earnings for capesizes, which typically transport 150,000-
Stronger Capesize Rates Boost Baltic Dry Index
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Thursday as capesize vessel rates firmedThe overall index, which factors in rates for
Baltic Dry Index Falls for Fifth Day
Baltic Exchange's main sea freight index , which tracks rates for ships carrying dry bulk commodities, fell for the fifth consecutive session on Tuesday, pressured by weaker rates across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 45 points, or 1.4%, to 3,179.The capesize index eased 56 points, or about 1.7%, to 3,293.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of coal and steel-