Baltic Exchange News

17 Jan 2020

Baltic Index Dips on Subdued Demand

© Fotos von Schiffen / Adobe Stock

The Baltic Exchange's main sea freight index fell on Friday, as a fall in capesize vessel rates on weak demand outweighed gains in the other vessel segments.The Baltic index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, dropped 14 points, or 1.8%, to 754.The index lost 0.5% this week, the sixth straight weekly loss.The capesize index dropped 72 points, or 9.2%, to 712 - its lowest since late-April.The index registered its 26th straight session of losses and declined 26% this week.Average daily earnings for capesizes…

16 Jan 2020

Baltic Index Flat

© Kovalenko I/ Adobe Stock

The Baltic Exchange's main sea freight index stayed flat on Thursday, as rise in demand for panamaxes offset fall in capesize rates, with the capesize index dropping to near 9-month low.The Baltic index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, remained steady at 768.The capesize index dropped 94 points, or 10.7%, to 784 - its lowest since April 26.The index has fell for a 25th straight session."Far East iron ore and coal volumes are fair but not sufficient to change a nervous spot sentiment…

15 Jan 2020

Baltic Index Rises on Higher Demand

© sarymsakov.com / Adobe Stock

The Baltic Exchange's main sea freight index that tracks rates for ships ferrying dry bulk commodities edged higher on Wednesday, helped by rising demand for panamax vessels.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 5 points, or 0.7%, to 768.* The capesize index dropped 92 points, or 9.5%, to 878 - its lowest since April end.* Average daily earnings for capesizes, which typically transport 170,000-180…

13 Jan 2020

Baltic Index Slides to 9-Month Low

© alexmina /  Adobe Stock

The Baltic Exchange's main sea freight index declined to its lowest in nine months on Monday, weighed down by shrinking demand across all vessel categories.*The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, decreased 9 points, or 1.2%, to 765 points.* The Baltic index has fallen for 22 out of the previous 23 sessions, declining to its lowest since mid-April.* The capesize index fell 62 points, or 5.8%, to 1,004 - its lowest since April 29.* Average daily earnings for capesizes…

16 Jan 2020

Baltic Index Reverses Course, Gains

© Valentin Kundeus / Adobe Stock

The Baltic Exchange's main sea freight index reversed course to inch up on Friday after 21 straight session of declines, helped by higher earnings for capesize vessels.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, increased 2 points, or 0.3%, to 774 points.The Baltic index started falling on Dec. 4, and continued its slide for 20 more consecutive sessions. On Friday, the index was still at its lowest since April 17.There has been a dramatic decline in the Baltic index because of a fall in all segments on seasonality…

09 Jan 2020

Baltic Index Slows Slide

© Ralf Gosch / Adobe Stock

The Baltic Exchange's main sea freight index inched down on Wednesday, falling for its 21st straight session, to an over eight-month low on lower demand across all vessels.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, declined 1 point, or 0.1%, to 772 points, its lowest level since April 17, 2019.This is the smallest daily percentage fall since the index started its slide on Dec. 4.The capesize index fell 42 points…

08 Jan 2020

Baltic Index Extends Drop on Lower Rates

© Igor Groshev / Adobe Stock

The Baltic Exchange's main sea freight index fell for the 20th straight session to a fresh over eight-month low on weaker demand across all vessels.* The index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, declined 18 points, or 2.3%, to 773 points, its lowest level since April 17, 2019.* The capesize index fell 74 points, or 5.8%, to 1,197 - its lowest since May 8.* Average daily earnings for capesizes, which typically transport 170…

07 Jan 2020

Baltic Index Slides for 19th Session

© Alex Stemmer / Adobe Stock

The Baltic Exchange's main sea freight index fell for the 19th straight session to an over eight-month low on lower demand across all vessel segments.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, declined 53 points, or 6.3%, to 791 points, its lowest level since April 18, 2019.* The capesize index fell 117 points, or 8.4%, to 1,271 - its lowest since May 9.* Average daily earnings for capesizes, which typically transport 170…

06 Jan 2020

Baltic Index Falls to 8-Month Low

© Infinitum Produx / Adobe Stock

The Baltic Exchange's main sea freight index fell to its lowest level since April on Monday, weighed down by weaker vessel demand across all segments.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, declined 63 points, or 6.9%, to 844 points, its lowest level since April 23.* The capesize index fell 119 points, or 7.9% to 1,388 - its lowest since May 10.* Average daily earnings for capesizes, which typically transport 170…

03 Jan 2020

Baltic Index Hits 8-month Low

© a_medvedkov / Adobe Stock

The Baltic Exchange's main sea freight index touched its lowest level in eight months on Friday, weighed down by weak demand across all vessel segments.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, fell 69 points, or 7%, to 907 points, its lowest level since end-April 2019.* The index posted its biggest one-day percentage drop since January 2014, in the previous session.* The capesize index fell 139 points, or 8.4%…

02 Jan 2020

Baltic Index Marks Worst Day in 6 Years

© MagioreStockStudio / Adobe Stock

The Baltic Exchange's main sea freight index on Thursday posted its biggest one-day percentage decline in six years, pressured by depressing demand for dry bulk vessel segments.* On its first day of trading in the new year, the Baltic index , which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, fell 114 points to 976 points, its lowest level since May 2019.* The overall index declined about 10.5%, posting its biggest one-day percentage drop since January 2014.* "Some of it represents the fact that it is the first quoting for almost a week now.

24 Dec 2019

Baltic Index Falls, Posts Second-Straight Yearly Decline

© Infinitum Produx / Adobe Stock

The Baltic Exchange's main sea freight index fell to a six-month low on Tuesday, falling for a fifteenth-straight session and posting its second-consecutive yearly decline as vessel demand remained weak.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, fell 13 points, or 1.2%, to 1,090, its lowest since June 14.* The index has fallen about 14.2% this year.* The capesize index dipped 4 points to 1,950 — its lowest since June 17.* Average daily earnings for capesizes…

23 Dec 2019

Baltic Index Falls, Vessel Rates Drop

© Mariusz / Adobe Stock

The Baltic Exchange's main sea freight index continued its losing streak on Monday, falling to its lowest in more than six months as demand across vessel segments dropped.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, fell 20 points, or 1.8%, to 1,103, its lowest since June 17.* The main index was down for a fourteenth-straight session.* The capesize index dipped 4 points, to 1,954 — its lowest in more than six months.* Average daily earnings for capesizes…

19 Dec 2019

Baltic Index Continues to Sink

© Sergey Novikov / Adobe Stock

The Baltic Exchange's main sea freight index slid for a 12th straight session on Thursday, hitting a six-month low, as reduced seasonal demand dragged down vessel rates across segments.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, dropped 70 points, or 5.7%, to 1,151 — its lowest level since June 19.* The capesize index declined 127 points, or 6%, to 1,976 — the lowest in over six months.* Average daily earnings for capesizes…

18 Dec 2019

Baltic Index Approaches 6-month Low

AdobeStock / © Kasto

The Baltic Exchange's main sea freight index declined for an 11th consecutive session on Wednesday, and nearly touched a six-month low, pressured by falling rates across all vessel segments.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, slipped 60 points, or 4.7%, to 1,221, its lowest level since June 21.The capesize index fell 137 points, or 6.1%, to 2,103, its lowest level since June 20. Average daily earnings for capesizes…

16 Dec 2019

Baltic Index Falls on Capesize Rates

© yaniv / Adobe Stock

The Baltic Exchange's main sea freight index fell for a ninth-straight session on Monday, as the capesize index hit its lowest level in nearly six months.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, dropped 40 points, or 3%, to 1,315, its lowest since Nov. 22.* The capesize index slid 121 points, or 4.9%, to 2,334, its lowest since June 21.* Average daily earnings for capesizes, which typically transport 170…

13 Dec 2019

Baltic Index Drops as Capesize Rates Ease

© Koonsiri / Adobe Stock

The Baltic Exchange's main sea freight index fell for an eighth-straight session on Friday, as rates for capesize vessels eased.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, dropped 33 points, or 2.4%, to 1,355 — lowest since Nov. 25.* The index declined 13% in the week.* The capesize index slid 143 points, or 5.5%, to 2,455 — lowest since Nov. 21.* The index shed 25% in the week, marking its biggest weekly loss since late March.* Average daily earnings for capesizes…

12 Dec 2019

Baltic Index Hits 2-Week Low

© Fotos von Schiffen / Adobe Stock

The Baltic Exchange's main sea freight index fell for a seventh-straight session and hit an over two-week low on Thursday, weighed down by sluggish demand for capesize vessels.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, dropped 72 points, or 4.9%, to 1,388, its lowest in over two weeks.* The capesize index slid 285 points, or 9.9%, to 2,598.* Average daily earnings for capesizes, which typically transport 170…

11 Dec 2019

Baltic Index Dips

© druid007 / Adobe Stock

The Baltic Exchange's main sea freight index fell for a sixth-straight session on Wednesday, as demand for capesize vessels fell.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, dropped 68 points, or 4.5%, to a two-week low of 1,460.* The capesize index slid 284 points, or 9%, to 2,883.* Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, fell $2…

09 Dec 2019

Baltic Index Slips as Capesize Rates Fall

© Valentin Kundeus / Adobe Stock

The Baltic Exchange's main sea freight index fell on Monday, as a drop in rates for capesize vessels outweighed a rise in other vessel segments.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, fell seven points, or 0.4%, to 1,551 points.* The capesize index dropped 31 points, or 0.9%, to 3,242 points, marking its fourth-straight session of losses.* Average daily earnings for capesizes, which typically transport 170…

06 Dec 2019

Baltic Index Falls on Capesize Demand

© Fotos von Schiffen / Adobe Stock

The Baltic Exchange's main sea freight index fell on Friday weighed by weaker capesize demand, but the index ended the week up 2% on higher rates across the panamax and supramax segments.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, dropped by 17 points, or 1.1%, to 1,558 points, its lowest since Nov. 29.* The index gained 2% this week, registering its second consecutive week of gains.* The capesize index was down 52 points…

05 Dec 2019

Baltic Index Dips on Sluggish Capesize Demand

© Igor Groshev / Adobe Stock

The Baltic Exchange's main sea freight index declined on Thursday as rates for capesize vessels fell, offsetting gains in other vessel categories.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, fell 24 points, or 1.5%, to 1,575 points.* The capesize index was down by 57 points, or 1.7%, to 3,325 points, ending a nine-day gaining streak.* Average daily earnings for capesizes, which typically transport 170,000-180…

27 Nov 2019

Stronger Demand Bolsters Baltic Index

File Image (CREDIT: K Line)

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, inched up on Wednesday, helped by stronger demand across all vessel segments.The Baltic index, which tracks rates for capesize, panamax and supramax vessels, rose 14 points, or nearly 1%, to 1,440 points, after registering its biggest one-day percentage gain in four-and-a-half months on Tuesday. The capesize index jumped 30 points, or 1%, to 2,983.Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, rose $193 to $22,465.

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 five times per week

Subscribe for Maritime Reporter E-News