Baltic Exchange News

12 Nov 2019

Baltic Index Snaps 10-day Losing Streak

© naypong / Adobe Stock

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose on Tuesday after ten straight sessions of losses as rates for capesize vessels jumped.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, was up 9 points, or 0.7%, at 1,354 points.* The capesize index climbed 92 points, or 3.8%, to 2,485.* Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal…

11 Nov 2019

Baltic Index Falls to Over 4-month Low

	© Volodymyr Kyrylyuk / Adobe Stock

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell for the tenth consecutive session on Monday on waning demand across vessel segments.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 33 points, or 2.4%, to 1,345, its lowest since end-June.* The capesize index was down by 51 points, or 2.1%, to 2,393, its lowest since June 25.* Average daily earnings for capesizes, which typically transport 170…

08 Nov 2019

Baltic Index Down for 9th Session in a Row

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The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell for a ninth straight session on Friday, on weaker demand for capesize and panamax vessel segments.The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 50 points, or 3.5%, to 1,378. The index was down 18.8% for the week, its biggest weekly decline since February.The capesize index was down by 73 points, or 2.9%, to 2,444, its lowest since June 26. The index was down 17.2% for the week, marking its fourth weekly decline.

07 Nov 2019

Baltic Index Falls for Eighth Straight Session

© Aleksey Stemmer / Adobe Stock

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell for an eighth straight session on Thursday, weighed down by easing demand across vessel segments.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 105 points, or 6.8%, to 1,428, its lowest in more than four months.* The capesize index slumped 209 points, or 7.6%, to 2,517, its lowest since June 28.* Average daily earnings for capesizes…

04 Nov 2019

Baltic Index at 4-month Low on Weak Demand

AdobeStock / © Lucasz Z

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell to a four-month low on Monday, weighed down by easing rates across vessel segments.The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 22 points, or 1.3%, to 1,675, its lowest since July 3.The capesize index dropped 4 points, or 0.1% to 2,946 points, its lowest in more than a week. Average daily earnings for capesizes, which typically transport 170…

01 Nov 2019

Baltic Index Slips to Near 4-Month Low

File Image: CREDIT "K" Line

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell to a near 4-month low on Friday as rates fell across vessel segments.The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 34 points, or 1.96%, to 1,697, its lowest since July 3. The index posted its seventh weekly loss in eight.The capesize index was down by 28 points, or 0.94% at 2,950 points. Average daily earnings for capesizes, which typically transport 170…

30 Oct 2019

Baltic Index Inches Lower on Weaker Panamax Demand

Peter Sand, chief shipping analyst at BIMCO

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, inched lower on Wednesday on weaker demand for panamax vessels.The Baltic index, which reflects rates for capesize, panamax and supramax vessels, edged down by 20 points, or 1.1%, to 1,782.The capesize index was unchanged at 3,078 points. Limited activity in both the Atlantic and Pacific basins and the resistance of charterers to current freight rates led to lower market rates, while some fresh inquiries in the Atlantic helped curb losses, Allied Shipbroking said in a note on Tuesday.

28 Oct 2019

Baltic Index Inches Up on Stronger Capesize Demand

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The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, edged up on Monday, supported by increased demand for capesize vessels.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, inched up 2 points, or 0.1%, to 1,803.* The capesize index gained 43 points, or 1.4%, to 3,052, its highest in more than a week.* The average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal…

24 Oct 2019

Baltic Index Snaps 9-Session Losing Streak

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The Baltic Exchange's main sea freight index edged up on Thursday, ending a nine-session losing streak, on higher demand for capesize vessels.The Baltic index, which reflects rates for capesize, panamax and supramax vessels, inched up 6 points, or 0.3%, to 1,785.The capesize index gained for the first time in 10 sessions, as it rose 53 points, or 1.8%, to 2,926. The average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, increased by $372 to $24,112.The panamax index fell 22 points, or 1.2%, to 1,748.

23 Oct 2019

Waning Demand Across All Sectors Drags on Baltic Index

File Image / AdobeStock / © Volodymyr Kyrylyuk

The Baltic Exchange's main sea freight index fell for a ninth straight session on Wednesday to a two-week low, hurt by weaker demand across vessel segments.The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 27 points, or 1.5%, to 1,779, its lowest in over two weeks.The capesize index slipped 71 points, or 2.4%, to 2,873, its lowest in more than three months. The average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, fell $463 to $23,740.The panamax index dropped 25 points, or 1.4%, to 1,770.

22 Oct 2019

Baltic Index Sluggish Capesize Demand

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The Baltic Exchange's main sea freight index fell for the eighth session in a row on Tuesday, as the capesize segment hit an over three-month low.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, slipped 40 points, or 2.2%, to 1,806, its lowest in two weeks.* The capesize index slumped 103 points, or 3.4%, to 2,944, its weakest in more than three months.* The average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal…

18 Oct 2019

Baltic Index Sags as Rates Slip

AdobeStock / Credit © Lidian Neeleman

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, extended losses for a sixth consecutive session on Friday, on weak demand across all vessel segments.The Baltic index, which reflects rates for capesize, panamax and supramax vessels, dropped 6 points, or 0.3%, to 1,855. The overall index posted its fifth weekly loss in six, closing 3.6% lower.The capesize index was down by 17 points, or 0.6%, at 3,064, falling for a sixth straight session.

16 Oct 2019

Baltic Index at One-week Trough as Demand Sags

File Image: A recently delivered K Line Coal Carrier. CREDIT: K Line

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell to a one-week low on Wednesday, on weaker demand for all vessel segments.The Baltic index, which reflects rates for capesize, panamax and supramax vessels, was down 1 point at 1,897, extending losses to a fourth session.The capesize index fell 10 points, or 0.3%, to 3,194. The average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal…

15 Oct 2019

Baltic Index Dips for a Straight Third Session

© Fotos von Schiffen / Adobe Stock

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell for a third consecutive session on Tuesday, due to lower demand for larger capesize and panamax vessels.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 18 points, or 0.9%, to 1,898.* The capesize index dropped 50 points, or 1.5%, to 3,204.* The average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal…

14 Oct 2019

Baltic Index Edges Lower as Capesize Rates Slip

© Igor Groshev / Adobe Stock

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, inched lower on Monday on weaker capesize vessel rates.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 8 points, or 0.4%, to 1,916.* The capesize index dropped 36 points, or 1.1%, to 3,254.* The average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, fell $317 to $26…

11 Oct 2019

Baltic Index Slips on Lower Capesize Rates

AdobeStock / © Lucasz Z

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, edged lower on Friday, weighed down by lower capesize vessel rates, while the main index posted its first weekly rise in five.The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 5 points, or 0.26%, to 1,924.The capesize index dropped 29 points, or 0.87%, to 3,290, while the index recorded its first gain in five weeks. The average daily earnings for capesizes…

09 Oct 2019

Baltic Index Rises on Uptick in Capesize Demand

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The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, jumped on Wednesday, on stronger demand for capesize vessels driven by a seasonal uptick in Brazilian iron ore exports.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, rose 72 points, or 4%, to 1,873, its biggest daily percentage gain since Aug. 30.* The capesize index jumped 177 points, or 5.8%, to 3,208, recording its steepest percentage rise in over five weeks.* The average daily earnings for capesizes…

04 Oct 2019

Baltic Index Ends Seven-day Losing Streak

© Igor Groshev / Adobe Stock

The Baltic Exchange's main sea freight index inched up on Friday, snapping a seven-day losing streak, helped by a slight uptick in capesize and panamax rates.* The Baltic index, which tracks rates for ships carrying dry bulk commodities, rose 10 points, or 0.6%, to 1,767.* The index extended its weekly losses, falling for the fourth straight week with a decline of 4.8%.* The capesize index was up 8 points, or 0.3%, to 3,021. It also posted a fourth straight weekly loss.* The average daily earnings for capesizes…

03 Oct 2019

Baltic Index Hits Two-month Trough

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The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, slid to a near two-month low on Thursday, as weak demand for iron ore and lower industrial activity continued to weigh on the index.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, declined 46 points, or 2.55%, to 1,757, recording its seventh consecutive decline.* The overall index was at its lowest level since Aug. 9.* The capesize index fell 218 points…

02 Oct 2019

Baltic Index Down on Sliding Panamax Rates

© Alexey Lesik / Adobe Stock

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, posted its sixth consecutive fall on Wednesday, hurt by declining demand for the panamax vessel segment.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell marginally by 6 points, or 0.33%, to 1,803, its lowest since mid-August.* The panamax index dropped for a twelfth straight session, down 20 points, or 1.15%, at 1,725. The index is at its lowest since July 8.* Average daily earnings for panamaxes…

27 Sep 2019

Baltic Index Falls on Sluggish Capesize Demand

© Aleksey Stemmer / Adobe Stock

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, dropped on Friday and recorded its steepest percentage fall in two months, as Chinese steel mill restrictions continued to drag down capesize rates.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, declined 106 points, or 5.4%, to 1,857 points. For the week, the index dropped 13.3%, its worst week in nearly eight months.* The capesize index fell 263 points, or 7.3%, to 3,338 points.

24 Sep 2019

Baltic Index Snaps 13-session Losing Streak

© Volodymyr Kyrylyuk / Adobe Stock

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose slightly on Tuesday ending a 13-session losing streak, as higher demand for capesize vessels offset a fall in panamax demand.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels, rose 8 points, or 0.4%, to 2,116 points.* The capesize index was up 79 points, or 2%, to 3,982 points, also posting its first rise in 14 sessions.* The average daily earnings for capesizes…

20 Sep 2019

Saudi Attacks, High Demand Leaves U.S. Short on Oil Tankers

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A disruption in global oil flows following attacks on Saudi Arabian facilities has left U.S. crude exporters without enough tankers to cover rising demand for cargoes, traders and shipping sources said.Missile attacks last Saturday temporarily cut Saudi oil production by more than 5 million barrels per day, or about half the country's output.That set off a scramble for alternative cargoes of crude, particularly in the United States, which lined up available tankers sailing from the Mediterranean, West Africa and continental Europe to pick up cargoes.

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