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The Baltic Exchange's main sea freight index posted its biggest quarterly rise since June 2020 on Friday, propelled by strong gains for larger vessels, with the panamax segment marking its best quarter in over six years on robust U.S.

The Baltic Exchange's main sea freight index tracking rates for ships ferrying dry bulk commodities scaled an over one-year peak on Monday, propelled by higher rates across vessel segments, with panamax rates touching an over 10-year high.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, rose 38 points, or 1.7%, to 2,319, its highest since September 2019.The capesize index advanced 38 points, or 1.6%, to 2,382.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as coal and steel-making ingredient iron ore, rose $314 to $

The Baltic Exchange's main sea freight index gained for a third straight week on Friday, as rates for the larger capesize and panamax vessel segments rose.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 66 points, or 3%, to 2,281, its highest since September 2019.The main index rose over 16% this week.The panamax index advanced 153 points, or 5.4%, to 2,975, its highest since September 2010. The index was up over 32% for the week…

The Baltic Exchange's main sea freight index on Wednesday climbed to a near 1-1/2-year high as panamax rates scaled a more than 10-year peak on China grain demand.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 88 points, or 4.4%, to 2,105, a peak since September 2019.The panamax index gained 211 points, or 8.9%, at 2,583, its highest since September 2010.Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, rose $1,896 at $23,245."It seems to be a perfect storm for the dry bulk shipping market at the moment…

Operations at the Houston ship channel were suspended early on Monday morning due to dense fog in the region, a Galveston Texas Pilots dispatcher said.The ship channel is a 53-mile (85 km) waterway connecting the busiest U.S. petrochemical port with the Gulf of Mexico.(Reporting by Anjishnu Mondal and Arpan Varghese; Editing by Nick Zieminski)

The Baltic Exchange's main sea freight index, which tracks rates for capesize, panamax and supramax vessels, rose on Friday, buoyed by an uptick in demand for capesize and panamax vesselsThe Baltic index rose 14 points, or 1%, to 1,415.However, the index registered a 4.2% weekly loss, marking its third straight weekly decline.The capesize index gained 26 points at 2,261, but registered a more than 6% weekly fall.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, gained $212 to $18,749.Chinese iron ore futures closed lower on Friday

The Baltic Exchange’s main sea freight index rose for the 24th straight session on Wednesday, helped by a modest increase in capesize and supramax rates.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose 4 points, or 0.2%, to 1,803.The index has gained 65.4% so far this year, driven by a recovery in demand for iron-ore from China as industrial activity picked up amid easing coronavirus-induced lockdowns.China’s factory activity grew at a faster clip in June after the government lifted coronavirus

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry commodities around the world, posted its biggest weekly gain ever, underpinned by a rebound in global commodities trading as iron ore demand from China picked up.The 35-year old index, which reflects rates for capesize, panamax and supramax ships, has now surged nearly 300% since tumbling to a low of 393 points in May following a freeze in global trade due to coronavirus-led lockdowns."Most…

The Baltic Exchange's main sea freight index marked its largest single-day percentage rise on Thursday, as capesize vessel segment rates jumped 50% on strong iron ore demand.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose 281 points, or about 22.6%, to 1,527, its highest since Dec. 10.The Baltic capesize index jumped 1,217 points, or 49.6%, to 3,672, its highest since Sept.

The Baltic Exchange's main sea freight index recorded its biggest ever daily percentage jump on Wednesday, propelled by surging capesize rates due to a spike in iron-ore shipments.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose 192 points, or about 18.2%, to 1,246, its highest since Dec. 17.The Baltic capesize index jumped 601 points, or about 32.4% to 2,455, its highest since Dec.

The Baltic Exchange's main sea freight index rose to more than a six-month high on Tuesday, boosted by stronger demand for capesize and panamax vessels.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose 81 points, or about 8.3%, to 1,054, its highest since Dec. 24.The Baltic capesize index jumped 206 points, or about 12.5% to 1,854, its highest since Dec.

The Baltic Exchange's main sea freight index edged down on Friday, as lower rates for panamax vessels more than offset a rise in the capesize and supramax segments.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, fell 2 points, or 0.3%, to 631.However, the index gained 2.3% this week, marking its fifth straight weekly gain.The capesize index rose 44 points to -311.Average daily earnings for capesizes, which typically transport 170…

The Baltic Exchange's main sea freight index rose on Thursday, helped by higher rates for capesize and supramax vessels.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, rose 2 points, or 0.3%, to 633 - its highest level since Jan. 21.The capesize index fell 5 points to -355.However, average daily earnings for capesizes, which typically transport 170,000 tonne-180,000-tonne cargoes including iron ore and coal, rose by $122 to $2…

The Baltic Exchange's main sea freight index on Wednesday hit its highest in more than a month, lifted by an uptick in rates for capesize and supramax vessels.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, rose 4 points, or 0.6%, to 631 - its highest since Jan. 21.The capesize index fell 3 points to -350.However, average daily earnings for capesizes, which typically transport 170,000 tonne-180,000-tonne cargoes including iron ore and coal…

The Baltic Exchange's main sea freight index fell on Monday, breaking a 20-day winning streak, as weak demand for capesize and panamax vessels offset strong rates for the supramax segment.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, fell 1 point, or 0.2%, to 616.The capesize index fell 60 points to -372.Average daily earnings for capesizes, which typically transport 170,000 tonne-180,000 tonne cargoes including iron ore and coal…

The Baltic Exchange's main sea freight index rose on Friday to its highest in more than six weeks, marking the fourth straight weekly gain, as earnings increased across all vessel categories.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, increased by 18 points, or 3%, to 617, its highest since Jan. 22.The index climbed more than 15% this week, registering its fourth consecutive weekly gain.The capesize index fell 5 points to -312.Average daily earnings for capesizes…

The Baltic Exchange's main sea freight index inched up on Friday and registered its first weekly gain in ten weeks as firm panamax vessel rates outweighed losses in the coronavirus-hit capesize segment.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, edged up 4 points, or 1.0%, to 425.For the week, the main index gained over 2.4%, breaking nine straight weeks of declines.The capesize index fell 10 points to negative 294…

The Baltic Exchange's main sea freight index remained flat on Thursday, as higher rates for panamax vessels offset weaker rates for other vessel categories.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, was unchanged at 421.The main index slid to a near 4-year low of 411 earlier this week.The capesize index fell 25 points to negative 284.Average daily earnings for capesizes, which typically transport 170,000-180…

The Baltic Exchange's main sea freight index fell for the 12th straight session on Monday, weighed down by falling demand across segments amid muted vessel activity in China due to the coronavirus outbreak.The Baltic index, which tracks rates for capesize, panamax and supramax vessels to ferry dry bulk commodities, fell 21 points, or 4.3%, to 466.The capesize index fell 82 points to a negative 102.Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes including iron ore and coal, dropped $307 to $3,666.China's iron ore and steel futures fell by their dail

The Baltic Exchange's main sea freight index dropped for the 13th consecutive session on Tuesday as waning demand across vessels and the coronavirus outbreak dampened sentiment.The Baltic index, which tracks rates for capesize, panamax and supramax vessels to ferry dry bulk commodities, fell 13 points, or 2.8%, to 453.The capesize index decreased 31 points to a negative 133, a fresh all-time low.Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes including iron ore and coal…

The Baltic Exchange's main sea freight index edged up on Thursday, snapping a 14-session long streak of losses, propped up by gains in the panamax segment and slightly higher earnings for capesize vessels.The Baltic index, which tracks rates for capesize, panamax and supramax vessels to ferry dry bulk commodities, rose one point, or 0.2%, to 431.The capesize index slipped four points to a negative 187, down for the 40th consecutive session.However, average daily earnings for capesizes…

The Baltic Exchange's main sea freight index declined on Friday as lower rates for capesize and supramax segments offset gains in the panamax category.The Baltic index, which tracks rates for capesize, panamax and supramax vessels to ferry dry bulk commodities, dropped 16 points, or 3.7%, to 415.The main index has lost nearly 14.8% this week, its ninth consecutive week of decline.The capesize index fell 47 points to a negative 234, down for the 41st straight session.Average daily earnings for capesizes…

The Baltic Exchange's main sea freight index fell on Friday, with rates for the capesize segment slipping into the negative for the first time ever on lower demand and as the coronavirus outbreak muted activity.The Baltic index, which tracks rates for capesize, panamax and supramax vessels to ferry dry bulk commodities, fell 11 points, or 2.2%, to 487 — its lowest level since April 2016.The index has lost over 10.5% this week, registering its eighth consecutive weekly decline.The capesize index dropped 21 points to a fresh record low of negative 20 points…