Baltic Index Gains on Firmer Rates Across Vessel Segments

Maritime Activity Reports, Inc.

December 13, 2018

© David Johnson / Adobe Stock

© David Johnson / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, edged higher on Thursday, buoyed by strong demand across vessel segments.

* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 12 points, or 0.9 percent, to 1,365 points.

* The capesize index rose 27 points, or 1.3 percent, to 2,180 points.

* Average daily earnings for capesizes, which typically transport 170,000 tonne-180,000 tonne cargoes such as iron ore and coal, increased by $169 to $16,977.

* The panamax index snapped its four-day losing streak and climbed 14 points to 1,459 points.

* Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, rose by $118 to $11,672.

* The supramax index was up 5 points at 968 points. 

(Reporting by Brijesh Patel in Bengaluru)

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