Baltic Index Rises in All Vessel Segments

Posted by Michelle Howard
Monday, March 14, 2016
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities continued to rise on Monday helped by improved demand across all vessel segments.
 
The overall index that factors in the rates for capesize, panamax, supramax and handysize shipping vessels, was up five points, or about 1.29 percent, to 393 points.
 
The panamax index rose four points, or 0.84 percent, to 481 points.
 
Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, rose $34 to $3,861.
 
Among smaller vessels, the supramax index gained seven points to 427 points, and the handysize index was up three points at 252 points.
 
The capesize index rose three points, or 1.7 percent, to 179 points on Monday.
 
Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, fell $14 to $2,158.
 
(Reporting by Harshith Aranya in Bengaluru)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Bulk Carrier Trends

How to Avoid Claims for Self-cooking Cargo

North P&I Club has advised its members to be extra vigilant during loading and transport of soya beans to ensure they do not get blamed for cargoes that start ‘cooking’ at sea.

Baltic Index Falls on Weak Freight Rates

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Monday due to weaker rates across all segments, except handysizes.

Los Angeles Pushes for Valero Terminal Improvements

The Port of Los Angeles has released an Initial Study/Notice of Preparation (IS/NOP) — the first step in the Environmental Impact Report (EIR) process — for a Marine

News

Will UK Maritime Traffic Rise or Fall on Brexit?

UK container traffic will see more muted growth than expected a few months ago, at least in the short term, says Drewry.   Patrick Walters, Peel Ports’ Group Commercial Director,

Nigeria Becomes Piracy Kidnapping Hotspot, says IMB

Despite global improvements, kidnappings are on the rise, with 44 crew captured for ransom in 2016, 24 of them in Nigeria, up from 10 in the first half of 2015.

Boeing 767 Shipped by Barge

MTS Statum completes marine towage of barge carrying Boeing 767 from Shannon Airport   Marine service provider Marine and Towage Services Group Ltd. (MTS) has

Vessels

New Ferry MV Woods Hole Delivered

The newly built ferry M/V Woods Hole has been delivered to serve Woods Hole, Martha’s Vineyard and Nantucket.   Built by Conrad Industries of Morgan City, La.

First VectRA 3000 Tug Delivered

Sanmar’s first VSP (Voith Schneider Propeller) tug, of the new VectRA 3000 series, named Arie A has been constructed for Italian operator Tripmare Spa of Trieste.

Two DNV GL Approvals for GTT Training Software

GTT Training, a GTT subsidiary dedicated to training liquefied natural gas (LNG) professionals and to the development of associated simulation tools, has obtained

Logistics

Will UK Maritime Traffic Rise or Fall on Brexit?

UK container traffic will see more muted growth than expected a few months ago, at least in the short term, says Drewry.   Patrick Walters, Peel Ports’ Group Commercial Director,

Will Container Lines Skip UK Ports on Brexit?

British importers and exporters prefer direct mainline container services calling at their national ports and tend to dislike feeder services, says a Drewry report.

CMA CGM Reopens Spain to Algeria Service

CMA CGM NAF Lines is re-opening  a regular service from Barcelona to Djen Djen on EURONAF service with immediate effect.   First Departure: m/v VEGA OMICRON voy.

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Salvage Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0873 sec (11 req/sec)