Marine Link
Friday, December 15, 2017

Baltic Sea Index Down as Weak Demand Hits Vessel Rates

March 27, 2015

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Friday as lack of demand took a toll on rates for most of the vessel segments.
 
The index, which factors in the average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, fell two points to 596 points.
 
The capesize index remained unchanged at 456 points.
 
Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, fell $40 to $4,290.
 
The panamax index fell two points, or 0.33 percent, to 597 points.
 
Average daily earnings for panamaxes, which usually carry 60,000- to 70,000-tonne cargoes of coal or grain, fell $16 to $4,778.
 
While the handysize index remained unchanged at 390 points, the supramax index fell one point to 647 points. Handysize and supramax are relatively smaller vessels compared with capesizes and panamaxes.
 
 
(Reporting by Nallur Sethuraman; Editing by David Holmes)
Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

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