Firmer Vessel Demand Pushes Up Baltic Index

Maritime Activity Reports, Inc.

April 6, 2016

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday, boosted by steady rates across bigger vessels.

The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 13 points or 2.67 percent to 500 points.

The capesize index rose 11 points, or about 2.36 percent, to 477 points.

Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, rose $187 to $4,027.

The panamax index was up 23 points, or about 4 percent at 619 points.

Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, rose $180 to $4,940.

Among smaller vessels, the supramax index and the handysize index both rose 3 points to 482 points and 278 points respectively.

 

(Reporting by Nithin Prasad in Bengaluru)

Maritime Reporter Magazine Cover Nov 2019 - Workboat 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.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News