Baltic Index Dips for a Straight Third Session

Maritime Activity Reports, Inc.

October 15, 2019

© Fotos von Schiffen / Adobe Stock

© Fotos von Schiffen / Adobe Stock

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell for a third consecutive session on Tuesday, due to lower demand for larger capesize and panamax vessels.

* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 18 points, or 0.9%, to 1,898.

* The capesize index dropped 50 points, or 1.5%, to 3,204.

* The average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, fell $401 to $25,664.

* The panamax index was down by 10 points, or 0.5%, at 1,918, ending seven straight sessions of gains.

* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonne to 70,000 tonne, dipped $79 to $15,376.

* The supramax index rose 4 points to 1,227. 

(Reporting by Nakul Iyer in Bengaluru)

Maritime Reporter Magazine Cover Nov 2019 - Workboat Edition

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 maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News