Marine Link
Saturday, March 17, 2018

Higher Capesize Rates Perks Up Baltic Index

Maritime Activity Reports, Inc.

May 11, 2015

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged higher on Monday, supported by increased demand for capesize vessels.
The overall index, which factors in average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels, was up 4 points at 578 points.
The capesize index rose 44 points, or 7.14 percent, to 660 points, its highest since Feb. 11.
Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, rose $211 to $4,948.
The panamax index slipped by 8 points, or 1.35 percent, to 586 points.
Average daily earnings for panamaxes, which usually carry 60,000 to 70,000-tonne cargoes of coal or grain, were down $64 at $4,670.
The handysize index and supramax index slipped by a point each to 328 and 617 points respectively.
(Reporting by Vijaykumar Vedala in Bengaluru; Editing by David Goodman)
Maritime Reporter Magazine Cover Mar 2018 - Annual World Yearbook

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.

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