Capesize Index News

“Iron ore shipments to China have risen 7% y/y since the end of June, following a stable period during the first half of the year. However, Chinese steel production has remained weak, leading to a build-up of portside inventories which reached an eight-month high in week 45,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.The recent uptick in Chinese purchasing appears to be driven by expectations of increased public spending and a rebound in manufacturing activity, as indicated by China’s Caixin PMI.

The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, fell on Monday, pressured by declining rates across all vessel segments.The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 39 points to 2,220 points.The capesize index dropped 103 points to 3,524 points.Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal, decreased by $848 to $29,228.Iron ore futures prices declined on Monday, pressured by sluggish steel demand and mounting

The Baltic Exchange's main sea freight index, which measures rates for ships carrying dry bulk commodities, edged lower on Tuesday, as rates declined across capesize and panamax vessel segments.* The main index, which tracks rates for capesize, panamax and supramax shipping vessels, fell 21 points, or 1%, to 2,017 points.* The capesize index was down 56 points, or 1.7%, at 3,261.* Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal…

The tension surrounding the US attack on Iran saw the Baltic Exchange Dry Index (BDI) fall a massive 3.5% down to its lowest level seen over the last two weeks, erasing most recent gains as Friday closed, reports cash buyer GMS. Leading the race was the Capesize index that fell nearly 6.5% across the week while the Panamax index fell 0.2% during the same time.“The price of oil, which will also be a key item to keep an eye out for next week especially as the Iranian government votes to shut down the Gulf of Hormuz effectively terminating Iranian oil exports…

Seanergy Maritime (SHIP), a pure-play Capesize shipping company, reported Q1 results and announced a quarterly dividend of $0.05 per share—marking the 14th consecutive quarterly dividend.SEANERGY Q1:Fleet TCE2 of $13,403, outperforming the Baltic Capesize Index (“BCI”) by 3% in Q1 2025Declared $0.05 per share quarterly cash dividend – 14th consecutive quarterly dividend - Cumulative cash dividends of $2.26 per share, totaling $43.1 million$88.1 million in new financings and refinancings at improved terms and pricingEstimated fleet loan-to-value (“LTV”) below 50%…

The Baltic Exchange's dry bulk sea freight index extended gains on Thursday, reaching a more than two-week high, on stronger rates across all vessel segments.* The main index .BADI, which monitors rates for capesize, panamax, and supramax shipping vessels, rose by 53 points to mark its highest level since April 7, at 1,353 points.* The capesize index .BACI gained 114 points to its highest since April 8 at 1,846.* Average daily earnings for capesize vessels .BATCA, which typically transport 150…

The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, fell for a sixth straight session on Tuesday, pressured by lower rates across all vessel segments.The main index .BADI, which tracks rates for capesize, panamax, and supramax shipping vessels, was down 11 points at 1,587, its lowest since March 12.The capesize index .BACI fell 25 points to 2,440, a near one-month low.Average daily earnings for capesize vessels .BATCA…

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a third consecutive session on Thursday, hurt by weaker rates in the capesize segment.* The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 13 points, or 0.8%, to 1,621 points.* The capesize index shed 54 points, or 2.1%, to reach 2,527 points, lowest level since March 11.* "On the West Australia front, we see relatively limited cargoes and some enquiries for slightly forward end April dates…

The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, marked its lowest level in two weeks on Wednesday, pulled down by weaker capesize rates.* The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 8 points, or 0.5%, to 1,634 points. The index hit its lowest level since March 12.* The capesize index shed 49 points, or 1.9%, to reach 2,581 points, a two-week low.* Average daily earnings for capesize vessels…

The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, snapped a four-session losing streak on Friday, buoyed by an uptick in rates across all vessel segments.* The main index, which factors in rates for capesize, panamax and supramax shipping vessels, added 8 points to 1,643 points. However, the index fell 2% for the week.* The capesize index gained 6 points to 2,676 points, ending a five-session losing streak, but was down close to 7% for the week.* Average daily earnings for capesize vessels…

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, retreated on Monday due to weaker larger vessel rates.The index .BADI, which factors in rates for capesize, panamax and supramax shipping vessels, fell 6 points to 809 points, snapping a six-session winning streak.The capesize index .BACI was down 30 points at 810 points.Average daily earnings for capesize vessels .BATCA, which typically transport 150,000-ton cargoes such as iron ore and coal…

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, snapped a thirteen-day losing streak on Friday, supported by strong rates across the capesize and panamax vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 20 points to 735 points, recording gains for the first time since Jan. 13. The contract was down 8.1% this week.The capesize index gained 33 points to 874 points.

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended losses for the thirteenth straight session on Thursday, pressured by a dip in rates across capesize and supramax segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 11 points to 715 points, hitting its lowest in 23 months.The capesize index slipped 35 points to 841 points, dropping to its lowest level since February 2023.

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Friday and posted its third straight weekly loss, weighed down by weaker rates across vessel types.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 46 points to 778 points, its lowest level since February 2023. The index was down over 21% for the week.The capesize index slipped 98 points to 983 points, dropping to its lowest level since March 2023.

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for a second straight session on Friday, steered by strong gains in the capesize vessel segment.The index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 79 points to 1,048 points. However, it was down 2.2% for the week.The capesize index rose 284 points at 1,448 points, its highest level since Dec. 10, 2024. The index gained about 5.3% this week.

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell for a third consecutive session on Thursday, hurt by weaker rates across the capesize and supramax segments.The index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 40 points at 1,023 points, its lowest level in a week.The capesize index fell 99 points to 1,482 points. Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal, decreased by $815 to $12,294.Prices of iron ore futures rose to a four-week high, supported by reduced shipments from a major producer and growing expectations of further rate cuts by the Federal Reserve following cooler-than-expected U.S.

The Baltic Exchange's dry bulk sea freight index .BADI, which tracks rates for ships carrying dry bulk commodities, extended losses to a 23-month low on Thursday, dragged by weaker rates across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 69 points to 824 points, hitting its lowest since February 2023.The capesize index slipped 155 points to 1,081 points, dropping to over five-week low. Average daily earnings for capesize vessels…

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, hit a one-week low on Friday and marked a second straight weekly fall as rates across all segments weakened.The index, which factors in rates for capesize, panamax and supramax shipping vessels, slipped 36 points at 987 points, its lowest level since Jan. 9. It was down 5.8% for the week.The capesize index fell 89 points to a one-week low of 1,393 points and lost 3.8% this week.

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to its lowest level in 23 months on Wednesday, as rates dipped across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 35 points to 893 points, hitting its lowest since February 2023.The capesize index slipped 48 points to 1,236 points, dropping to a near two-week low. Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal, lost $395 to $10,252.

The Baltic Exchange's dry bulk sea freight index .BADI, which tracks rates for ships carrying dry bulk commodities, fell for a sixth straight session on Tuesday to an over one-year low as rates weakened across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, dropped 29 points, or 3.03%, to 928 points - its lowest since June 2023.The Baltic index is expected to decrease in the lead up to the Chinese new year, as this is typically a period of weaker demand for the sector…

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, hit more than a one-month high on Monday on the back of higher capesize rates.The index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 45 points at 1,093 points, its highest level since Dec. 11.The capesize index rose 167 points to 1,615 points, a six-week peak. Average daily earnings for capesize vessels, which typically transport 150…

The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, inched lower for a second consecutive session on Wednesday, dragged down by weaker rates across all vessels.The index .BADI, which factors in rates for capesize, panamax and supramax shipping vessels, was down 17 points at 1,063 points.The capesize index fell 23 points to 1,581 points. Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal…

The Baltic Exchange's dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, snapped a three-session gaining streak on Tuesday, as rates declined across all vessel segments.The index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 13 points at 1,080 points after hitting a more-than-one-month high on Monday.The capesize index fell 11 points to 1,604 points. Average daily earnings for capesize vessels, which typically transport 150…