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Dry Bulk: Panamax Rally Accelerates
Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, eked out a fourth consecutive week of gains on Friday as lower…
Baltic Dry Index Hits 11-year High
Baltic Exchange's main sea freight index , tracking rates for ships carrying dry bulk commodities, hit a more than 11-year peak bolstered by firmer rates across vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 69 points, or 2.1%, at 3,324, its highest level since June 2010The capesize index edged up 34 points, or 0.9%, to 4,021.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron or
Baltic Dry Index Snaps Seven-session Winning Streak
The Baltic Exchange's main sea freight index snapped a seven-session winning streak on Friday as capesize rates declined, but was up for the second straight week.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, fell 49 points, or 1.5% to $3,218.The main index was up more than 12% for the week.The capesize index was down 183 points, or 4.3% at $4,029, also breaking a seven-session winning streak, but gained 20.4% for the week.Average daily earnings for capesize
Baltic Dry Index Surges to 11-year Peak
The Baltic Exchange's main sea freight index soared to its highest in 11 years on Thursday as rates across all vessel segments were lifted by strong demand for dry bulk commodities.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, added 91 points, or 2.9%, to 3,267, its highest level since June 2010.The capesize index was up 202 points, or 5%, at a one-month high of 4,212.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of c
Baltic Dry Index Hits One-month High
The Baltic exchange's main sea freight index rose for the fourth straight session on Monday to its highest in a month, supported by higher rates across vessel segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, gained 87 points, or 3%, to a peak since May 13 at 2,944.The capesize index rose by 197 points, or 5.9%, to 3,543.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of coal and steel
Baltic Dry Index Slides for 10th Straight Session
The Baltic exchange's main sea freight index slipped for the 10th straight session on Tuesday, pressured by a decline in capesize rates.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, shed eight points, or 0.3%, to 2,420.The capesize index fell by 74 points, or 3%, to 2,393, its lowest since March 31.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of coal and steel-making ingredient iron ore,
Baltic Dry Index Ticks Up
The Baltic exchange's main sea freight index rose on Monday, buoyed by an uptick in capesize vessel rates.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 12 points, or 0.4%, to 2,881.The capesize index rose 28 points, or 0.7%, to 3,958.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of coal and steel-making ingredient iron ore…
Baltic Dry Index Extends Drop
The Baltic exchange's main sea freight index dropped for a fifth consecutive session on Tuesday, as rates for capesize and panamax vessel segments fell.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, fell 61 points, or 2.1%, to 2,795, the lowest since April 23.The capesize index dropped 153 points, or 3.9%, to its lowest since April 20 at 3,790.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes
Baltic Dry Index Hits Near Two-week Low
The Baltic exchange's main sea freight index fell to a near two-week low on Thursday pressured by a decline in capesize and panamax vessel rates.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, fell 62 points, or 2%, to 3,077, the lowest since April 30.The capesize index fell 160 points, or 3.4%, to 4,549, its lowest since April 27.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of coal and st
Baltic Dry Index Snaps 15-session Winning Run
The Baltic exchange's main sea freight index dropped from an 11-year peak on Thursday, breaking its 15-session winning steak, weighed down by lower rates for the larger capesize segment.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, fell 54 points, or 1.7%, to 3,212.The index rose for the previous 15 sessions, its longest gaining streak since the 27-session winning run that ended in early July last year.The capesize index fell 2
Baltic Dry Index Rises on Capesize Push
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, gained on Tuesday as capesize rates touched their highest level in over a year.The Baltic dry
Baltic Dry Index Reaches Over 10-year High
The Baltic Exchange's main sea freight index on Monday drifted up to its highest since September 2010, as an uptick in rates for the larger capesize segment offset a drop in panamax vessel demand.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, edged up 20 points, or 0.7%, to 2,808, a high since September 2010.The capesize index was up 70 points, or 1.7%, to 4,262, a peak since July 3, 2020.Average daily earnings for capesizes, wh
Baltic Dry Index Books Biggest Weekly Gain Since Mid-February
The Baltic Exchange's main sea freight index climbed on Friday to post its best weekly gain since mid-February thanks to higher demand for capesize vessels.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 38 points, or 1.4%, to 2,788, its highest since September 2010.The main index firmed 16.9% this week, its best since February 19.The capesize index gained 115 points, or 2.8%, to 4,192 - its highest since October 6, 2020.The
Capesize Surge Lifts Baltic Dry Index Above 10-year Peak
The Baltic Exchange's main sea freight index surged to its highest in over a decade on Wednesday, powered by a jump in the larger capesize vessel segment on increasing iron ore shipments from Brazil.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessel ferrying dry bulk commodities, jumped 238 points, or 9.6%, to 2,710, its highest since October 2010.The index recorded its biggest daily jump since Feb.
Baltic Dry Index Rises to 1.5-year Peak
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to 1-1/2-year peak on Monday as demand improved across vessel segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, added 47 points, or 2%, to 2,432, its highest level since September 2019.The capesize index gained 37 points, or 1.1%, to 3,476, its highest in more than six months.Average daily earnings for capesizes, which typically transport 150,
Baltic Dry Index Scales Over 1-year Peak
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to its highest level since September 2019 on Thursday as demand strengthened across vessel segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, rose 145 points, or 6.7%, to 2,323, its highest since Sept. 12, 2019.The capesize index advanced 232 points, or 7.4%, to 3,383, its highest level since Oct.
Baltic Index Sees Best Quarter in Three on Gains for Larger Vessels
The Baltic Exchange's main sea freight index posted its biggest quarterly rise since June 2020 on Friday, propelled by strong gains for larger vessels, with the panamax segment marking its best quarter in over six years on robust U.S.
Baltic Dry Index Rises to Over One-year High
The Baltic Exchange's main sea freight index tracking rates for ships ferrying dry bulk commodities scaled an over one-year peak on Monday, propelled by higher rates across vessel segments, with panamax rates touching an over 10-year high.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, rose 38 points, or 1.7%, to 2,319, its highest since September 2019.The capesize index advanced 38 points, or 1.6%, to 2,382.Average daily earnings for capesizes, which typical
Baltic Index Gains for a Third Week
The Baltic Exchange's main sea freight index gained for a third straight week on Friday, as rates for the larger capesize and panamax vessel segments rose.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 66 points, or 3%, to 2,281, its highest since September 2019.The main index rose over 16% this week.The panamax index advanced 153 points, or 5.4%, to 2,975, its highest since September 2010.
Panamax Bulk Carrier Rates Hit Over 10-year High
The Baltic Exchange's main sea freight index on Wednesday climbed to a near 1-1/2-year high as panamax rates scaled a more than 10-year peak on China grain demand.The Baltic dry index…