Marine Link
Friday, December 15, 2017

Weaker Capesize Demand Pulls Down Baltic Index

September 30, 2015

Photo: Alex Sergienko

Photo: Alex Sergienko

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry-bulk commodities, fell on Wednesday, primarily due to lower demand for capesize vessels.
 
The overall index, which factors in average daily earnings of capesize, panamax, supramax and handysize dry-bulk transport vessels, dropped 26 points or 2.81 percent to 900 points as rates fell across vessel segments.
 
The capesize index was down 95 points, or 4.68 percent, at 1,936 points.
 
Average daily earnings for capesize vessels, which typically transport 150,000-tonne cargoes such as iron ore and coal, fell $702 to $13,832.
 
The panamax index dropped 13 points, or 1.79 percent, to 712 points.
 
Average daily earnings for panamaxes, which usually carry 60,000 to 70,000-tonne cargoes of coal or grain, fell $104 to $5,706.
 
Among smaller vessels, the handysize index slipped two points to 398 points and the supramax index fell 10 points to 703 points.


(Reporting by Apeksha Nair in Bengaluru; Editing by Pravin Char)
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