Marine Link
Thursday, September 20, 2018

Baltic Sea Freight Index Steady, Vessel Activity Muted

Maritime Activity Reports, Inc.

April 9, 2015

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, remained flat on Thursday due to muted vessel activity.
 
The index, which factors in the average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, was unchanged at 580 points.
 
The capesize index rose 11 points to 461 points.
 
Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, increased by $67 to $4,207.
 
The panamax index went up six points to 591 points.
 
Average daily earnings for panamaxes, which usually carry 60,000 to 70,000-tonne cargoes of coal or grain, rose $48 to $4,720.
 
The handysize index fell three points to 379 points while the supramax index shed seven points at 617 points. Handysize and supramax vessels are smaller than capesizes and panamaxes.
 
 
(Reporting by Arpan Varghese in Bengaluru, editing by David Evans)
Maritime Reporter Magazine Cover Sep 2018 - Maritime Port & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News