Baltic Exchange News

20 Feb 2019

Navios Names Two Directors

File Pic: Navios Maritime Containers

Monaco-based seaborne shipping company Navios Maritime Containers  announced the appointment of Stefan Kuch and Vasilios Mouyis to its Board of Directors.The owner and operator of container ships informed that Kuch has over 32 years of experience in finance and ship finance, having served in senior leadership positions in the shipping division of Commerzbank AG, one of Germany’s leading financial institutions.He also served as Managing Director of Hanseatic Ship Asset Management GmbH, a vessel-owning company within the Commerzbank Group.

17 Dec 2018

Baltic Index Edges Up on Broad Support

file Image / Credit AdobeStock © Lucasz Z

The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk commodities, rose slightly on Monday, helped by increased rates across vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 5 points, or 0.4 percent, to 1,406 points. The index touched its highest in six weeks.The capesize index rose 50 points, or 2.1 percent, to 2,433 points. Average daily earnings for capesizes, which typically transport 170…

13 Dec 2018

Baltic Index Gains on Firmer Rates Across Vessel Segments

© David Johnson / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, edged higher on Thursday, buoyed by strong demand across vessel segments.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 12 points, or 0.9 percent, to 1,365 points.* The capesize index rose 27 points, or 1.3 percent, to 2,180 points.* Average daily earnings for capesizes, which typically transport 170,000 tonne-180,000 tonne cargoes such as iron ore and coal…

10 Dec 2018

Stronger Capesize Demand Propels Baltic Index Still Higher

File Image / Credit AdobeStock © Lucasz Z

The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, rose for the fifth straight session on Monday, buoyed by stronger capesize rates.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 13 points, or about 1 percent, to 1,385 points.The capesize index climbed 2.1 percent, or 47 points, to 2,244 points, highest since Nov. 6. Average daily earnings for capesizes, which typically transport 170…

07 Dec 2018

Strong Capesize Rates lift Baltic Index to One-month High

Image CREDIT: AdobeStock / © Kastor

The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk commodities, rose for the fourth straight session to touch a one-month high on Friday, boosted by strong demand for capesize vessels.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 33 points, or 2.5 percent, to 1,372 points, a peak level since Nov. 6.The capesize index surged 5.6 percent, or 117 points, to 2,197 points. Average daily earnings for capesizes…

06 Dec 2018

Baltic Index Gains on Stronger Broad Demand

File Image (CREDIT AdobeStock / © Leonid Eremychuk

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the third straight session on Thursday, supported by strong demand across vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 43 points, or 3.3 percent, to 1,339 points.The capesize index rose 8.1 percent, or 155 points, to 2,080 points. Average daily earnings for capesizes, which typically transport 170…

04 Dec 2018

Baltic Index Snaps 4-day Losing Streak

File Image: a bulk carrier alongside and loading in the port of Portland, UK (CREDIT: port of Portland)

The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, marked its first gain in five days on Tuesday, helped by firmer rates across vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 34 points, or 2.8 percent, to 1,237 points.The capesize index snapped four straight sessions of losses and gained 6.2 percent, or 101 points, to 1,739 points. Average daily earnings for capesizes…

03 Dec 2018

Falling Capesize Demand Weighs on Baltic Index

File Image / CREDIT AdobeStock / © Leonid Eremychuk

The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk commodities, fell for the fourth straight session on Monday, pressured by waning demand for capesize vessels.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 28 points, or 2.3 percent, to 1,203 points. The capesize index dipped 6.7 percent, or 117 points, to 1,638 points.Average daily earnings for capesizes, which typically transport 170,000-180…

27 Nov 2018

Baltic Index Rises On Higher Rates

© Aleksey / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, gained for the fifth straight session on Tuesday, supported by higher rates for capesize and panamax vessels.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 122 points, or 10 percent, to 1,339 points.* The capesize index was up 21 percent, or 381 points, at 2,170 points.* Average daily earnings for capesizes, which typically transport 170…

26 Nov 2018

Baltic Index Jumps 11%

© Tono Balaguer / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, surged 11 percent on Monday to register its biggest one-day percentage rise in over four years, boosted by higher demand for capesize vessel segments.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, jumped 124 points, or 11.3 percent, to 1,217 points.* The index marked its biggest daily percentage rise since October 2014.* The capesize index gained 32 percent…

21 Nov 2018

Stronger Capesize Demand Pushes up Baltic Index

A typical coal carrier underway (Credit: K Line)

The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk commodities, rose on Wednesday, buoyed by higher demand for capesize vessels.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 5 points or 0.5 percent to 1,008 points.The capesize index gained 5.4 percent or 54 points to 1,056 points. Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal…

16 Nov 2018

Baltic Index Edges Higher on Firmer Capesize Demand

file Image: AdobeStock / © Eremeychuk

The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk commodities, rose for the second straight session on Friday, boosted by stronger capesize demand.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 11 points, or 1.1 percent, to 1,031 points. However, the index has declined for the fourth consecutive week, and has lost nearly 30 percent in the last two weeks.The capesize index rose 5 percent, or 50 points, to 1,057 points.

15 Nov 2018

Baltic Index [Finally] Gains on Higher Capesize Demand

File Image: A bulk carrier underway (CREDIT: K Line)

The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, snapped its 12-day losing streak on Thursday, powered by a rise in demand for capesize vessels.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 11 points or 1.1 percent - after falling 12 sessions in a row - to 1,020 points.The capesize index marked its first gain in 12 days, rising 7.1 percent, or 67 points, to 1,007 points.

15 Nov 2018

Baltic Index Marks First Gain in 13 days on Higher Capesize Demand

© Aleksey Stemmer / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, snapped its 12-day losing streak on Thursday, powered by a rise in demand for capesize vessels.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 11 points or 1.1 percent - after falling 12 sessions in a row - to 1,020 points.* The capesize index marked its first gain in 12 days, rising 7.1 percent, or 67 points, to 1,007…

14 Nov 2018

Seanergy Maritime in Leaseback, Refinancing Pact with Cargill

Pic: Seanergy Maritime Holdings

The dry bulk cargo shipping company Seanergy Maritime Holdings announced has successfully concluded the refinancing of the 2011-built Capesize M/V Championship through a leasing agreement with Cargill International.The Nasdaq listed shipping company based in Greece informed that the refinancing has released approximately $7.8 million of liquidity for the Company.Pursuant to the agreement, the Company has chartered back the Vessel on a bareboat basis and subsequently entered it…

14 Nov 2018

Baltic Index Down as Capesize Rates Dip to Lowest Seven Month Low

File Image / Credit FedNav

The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk commodities, fell for the twelfth straight session on Wednesday after the capesize index dropped to a seven-month low.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 55 points, or 5.2 percent, to 1,009 points, its lowest since mid-April.The capesize index slid 18.5 percent, or 213 points, to 940 points, a level last touched on April 11. Average daily earnings for capesizes…

13 Nov 2018

Capesize Fall Drags Down Baltic Index

File Image: AdobeStock / CREDIT © Leonid Eremeychuk

The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk commodities, slipped for the eleventh straight session on Tuesday as the capesize index posted its biggest daily percentage fall in more than 10 months.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 61 points, or 5.4 percent, to 1,064 points.The capesize index plunged 17.5 percent, or 245 points, to 1,153 points, its biggest one day percentage decline since Jan.

12 Nov 2018

Capesize Rate Drag Baltic Index Down for Tenth Straight Session

File Image: AdobeStock / © Lidian Neeleman

The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, declined for the tenth straight session on Monday on weakening demand for capesize vessels.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 22 points, or 1.9 percent, to 1,125 points.The capesize index slipped 4.3 percent, or 63 points, to 1,398 points, its lowest since May. 30. Average daily earnings for capesizes, which typically transport 170…

08 Nov 2018

Baltic Index Losing Streak Continues as Capesize Rates Drag

File Image: AdobeStock / © Lucasz Z

The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, fell for the eighth consecutive session on Thursday, pressured by weakness in the capesize segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 73 points, or 5.6 percent, to 1,231 points, its lowest since June 4.The capesize index declined for the seventh straight session, tumbling 221 points, or 11.2 percent, to 1,747 points - also its lowest since June 4.

06 Nov 2018

Baltic Index Declines on Weak Capesize Demand

© Volodymyr Kyrylyuk / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk commodities, declined for the sixth straight day on Tuesday, marking its biggest percentage fall in nearly two months, on waning demand for capesize vessels.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, slipped 33 points, or 2.3 percent, to 1,395 points, its lowest since Sept. 19.* The capesize index slid 101 points, or 4.2 percent, to 2,296 points, a level last seen on Oct.

05 Nov 2018

Baltic Index Falls as Capesize Rates Decline

© miklyxa / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, slipped 2 percent on Monday, hurt by falling demand for capesize vessels.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 29 points, or 2 percent, to 1,428 points, its biggest percentage drop since September 13.* The capesize index dipped 105 points, or 4.2 percent - also its biggest percentage fall since September 13, to 2…

01 Nov 2018

Weaker Capesize Demand Weighs on Baltic Index

© Viktoriya / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk commodities hit a fresh one-month low on Thursday, dragged down by weaker demand for capesize vessels.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dipped 20 points, or 1.3 percent - its lowest since Sept. 25, to 1,470 points.* The capesize index lost 66 points, or 2.5 percent, to 2,530 points, its biggest one-day percentage fall since Oct.

29 Oct 2018

Baltic Index Edges Higher on Stronger Capesize Demand

© lidian neeleman / Photo: Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, edged up for a second consecutive session on Monday, supported by growing demand for capesize vessels.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 3 points, or 0.2 percent, to 1,522 points.* The capesize index rose 81 points or 3.2 percent, to 2,607 points, its highest since early September.* Average daily earnings for capesizes…

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