Marine Link
Tuesday, May 22, 2018

Baltic Index Slips on Weaker Capesize Sector

Maritime Activity Reports, Inc.

September 1, 2017

File Image (CREDIT: AdobeStock / (c) Lidian Neeleman)

File Image (CREDIT: AdobeStock / (c) Lidian Neeleman)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell slightly on Friday, dragged down by lower rates for capesize vessels.
The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell 1 point or 0.08 percent, to 1,183 points.
The capesize index decreased 29 points, or 1.26 percent, to end at 2,264 points.
Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, fell $135 to $16,948.
The panamax index rose 9 points, or 0.76 percent, to 1,198 points.
Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, rose $72 to $9,610.

Among indexes tracking rates for smaller vessels, the supramax index rose 3 points to 856 points, while the handysize index was unchanged at 486 points.


Reporting by Nallur Sethuraman 

Maritime Reporter Magazine Cover May 2018 - Marine Propulsion 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.

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