Marine Link
Sunday, March 18, 2018

Baltic Index Up for Tenth Consective Session

Maritime Activity Reports, Inc.

February 25, 2016

A FedNav Bulker in the St. Lawrence Seaway (file image)

A FedNav Bulker in the St. Lawrence Seaway (file image)

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, rose for the tenth straight session on Thursday, helped by steady demand for smaller shipping vessels.

The overall index, which gauges the cost of shipping resources including iron ore, cement, grain, coal and fertiliser was up three points at 325 points.

The index touched an all-time low of 290 points on Feb. 10, marking the lowest level since records began in 1985

The capesize index shed 4 points to 182 points.

Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, was down $20 to $2,457.

The panamax index remained flat at 346 points. Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, remained unchanged at $2,778.

Among smaller vessels, the supramax index was up 7 points at 328 points, while the handysize index rose 3 points to 209 points.


Reporting by Kevin Jose

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