Baltic Index Snaps 11-session Rally as Rates for Larger Vessels Edge Lower
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, snapped its 11-session winning streak on Thursday as rates for capesize and panamax vessels edged lower.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 15 points to 1,569.The capesize index shed 60 points, or 2.9%, to 2,007, its worst day since Sept. 5.Average daily earnings for capesize vessels, which typically transports 150…
Baltic Dry Index Logs Best Week in Over Six Months
The Baltic Exchange's main dry bulk sea freight index rose on Friday, clocking its biggest weekly percentage gain since March as demand across all vessel segments remained strong.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose for the eighth straight session by 41 points, or 3.1%, to 1,381.The main index posted a 16.4% gain for the week.The capesize index, added 90 points, or about 6%, to 1,602, hitting its highest level in a month.
Decline in Bigger Vessels Drags Baltic Index to Monthly Dip
The Baltic exchange's main sea freight index tracing rates for ships ferrying dry bulk commodities recorded its first monthly decline in three months on Thursday, pressured by lower rates for the larger capesize and panamax vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, edged down by 8 points, to 1,086.The main index shed 3.6% for the month of August.The capesize index fell 29 points or 2.6% to 1,094 on Thursday, its lowest level in almost six months.
Baltic Dry Index Nears Three-month Peak on Demand for Smaller Vessels
The Baltic Exchange's main sea freight index rose to its highest level in nearly three months on Thursday, propelled by gains in smaller panamax and supramax vessels.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, increased 14 points to 1,247, its highest since May 24.The panamax index gained 36 points, or 2.4%, to 1,522, continuing a 17-day winning streak.Average daily earnings for panamax vessels, which usually carry coal or grain cargoes of about 60…
Baltic Index Steady as Capesize Bounce Offsets Dip in Smaller Vessels
The Baltic Exchange's main sea freight index tracking rates for ships carrying dry bulk commodities, was flat on Thursday as higher rates for capesizes countered a dip in smaller vessel segments.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, remained unchanged at 1,463.The capesize index gained 66 points, or 3.6%, at 1,888 — its biggest rise in a week.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes carrying commodities such as iron ore and coal…
Baltic Dry Index Gains as Capesize Rates Rebound
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday buoyed by a rebound in rates of the larger capesize vessel segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 28 points, or about 1.9%, to 1,484 - its biggest daily percentage rise since March 14.The capesize index added 104 points, or about 5.9%, to 1,856.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes carrying commodities such as iron ore and coal, increased $868 to $15,396.2Mean
Dry Bulk Vessel Rates Rise on Stronger Vessel Demand
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to its highest level since early January on Thursday, supported by stronger rates across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 46 points, or about 4.2%, to 1,145, its highest since Jan.
Dry Bulk Vessel Rates Rebound
The Baltic Exchange's main sea freight index posted its second-biggest jump ever on Thursday, as rates for all vessel segments rebounded from their multi-year lows, led by capesizes.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 142 points, or about 21.1%, at 816, an over one-month high.The index, extending gains to a fifth session, recorded its biggest jump since mid-June 2020, according to Refinitiv data going back till 1985.The capesize index gained 183 points…
Baltic Dry Index Logs Sixth Straight Weekly Fall
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the sixth straight week as demand for the panamax segment remained weak.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 10 points, or 1.7%, at 602 on Friday.The index, however, was down 3.1% for the week.The capesize index gained 34 points, or 7.5%, at 486. The index was up about 13.3% for the week, its first weekly gain in six.Average daily earnings for capesizes…
Baltic Dry Index Falls to Fresh 2.5-year Low
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, extended losses on Thursday to a fresh two-and-a-half-year low, pressured by a dip in rates for capesize vessels.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 73 points, or about 8.4%, at 801, its lowest since June 2020.The capesize index fell to a four-month low, losing 214 points, or about 19.3%, to 893, also marking its worst day this month.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as
Baltic Dry Index Logs Best Day in Nearly Three Months
The Baltic Exchange's dry bulk sea freight index rose on Thursday to mark its biggest one-day percentage gain since mid-September, underpinned by a jump in capesize rates.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, gained 127 points, or about 9.1%, to 1,528 - its highest since Oct. 28.The capesize index climbed 372 points, or about 21.6%, to 2,095, its highest level since Oct.
Baltic Dry Index Up as Capesizes Hit Six-week High
The Baltic Exchange's dry bulk sea freight index rose for a third straight session on Thursday, helped by stronger demand for capesize vessels.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, rose 12 points, or about 0.9%, to 1,385, its highest in four weeks.The capesize index gained 40 points, or 2.5%, to 1,675, its highest since Oct.
Dry Bulk: Vessel Demand Wanes
The Baltic Exchange's dry bulk sea freight index fell for the sixth consecutive session on Thursday to mark its worst day since mid-September, as rates slipped across all vessel segments.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, fell 55 points, or about 3%, to 1,818.The capesize index fell 105 points, or about 4.8%, to 2,094.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as coal and steel making ingredient iron ore used in construction, fell $876 to $17,365.Iron ore futures dipped, with the Dalian
Strong LNG Demand to Keep Freight Rates Firm in 2022, Beyond
Tanker rates to ship liquefied natural gas (LNG) are expected to remain firm as market players try to secure cargoes for winter demand amid soaring LNG prices and tight global supply, industry sources said on Friday.The global LNG market has recently tightened further after the war in Ukraine and a major outage at major U.S. facility Freeport LNG curtailed U.S. LNG supply, pushing players to secure vessels for longer terms that extend at times to a year.Spot tanker rates across the Pacific hit a record high at $335…
Baltic Dry Index Gains as Rates Firm for All Vessels
The Baltic Exchange's main sea freight index rose on Thursday, due to higher rates for all vessels.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 100 points, or 3.1%, at 3,289 points, the highest since December 9.The capesize index gained 221 points, or 5.31%, to 4,385 points.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were up $1,837 at $36,368.Strong demand for vessels in the far East, with increased activity in both West Australia and Indonesia, is impacting
Baltic Dry Index Slides to Lowest in Over Five Weeks
The Baltic Exchange's dry bulk sea freight index hit its lowest in over five weeks on Thursday, dragged down by declining rates across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 67 points, or 3.2%, to 2,061 points.The capesize index fell 73 points, or 4.9%, to 1,417 points, touching its lowest in seven weeks.Average daily earnings for capesizes, which typically transport 150,000 tonne cargoes such as iron ore and coal, declined by $602 to $11,753."Levels for the big ships dipping further as slow port turnaround/increa
Dry Bulk: Rates Across Vessel Segments Rise
The Baltic Exchange's dry bulk sea freight index rose on Thursday, buoyed by an uptick in rates across vessel segments.The overall index, which factors in rates for capesize, panamax and supramax vessels, rose 6 points, or 0.4%, to 1,425.The capesize index gained 11 points, or 0.9%, to 1,291.Average daily earnings for capesizes, which transport 150,000-tonne cargoes such as iron ore and coal, rose by $94 to $10,710."The Chinese New Year and the celebration of the Tiger has put a lid on activity levels…
Baltic Dry Index Extends Losing Streak to Tenth Day
The Baltic Exchange's dry bulk sea freight index fell for a tenth straight session on Thursday, touching its lowest level in about a year, on waning demand across all vessel segments.The overall index, which factors in rates for capesize, panamax and supramax vessels, fell 96 points, or 6.1%, to 1,474, its lowest since February 2021.The capesize index dropped 195 points, or 15.9%, to 1,031, its lowest since Feb. 12 last year."Big ships are still suffering from the typical January dip after a very brutal start to the year…
Capesize Rates Hit Highest Since Mid-May
The Baltic Exchange's main sea freight index rose on Thursday on stronger vessel rates, with capesizes at a near three-month peak.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose by 58 points, or 1.7%, to 3,376, its highest since June 30.The capesize index climbed 112 points, or 2.6%, to 4,414, the highest since May 13.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were up by $933 at $36,608."Delays in Chinese ports due to weather factors and time consuming crew-change procedures resulted in less tonnage available and consequently firmer markets…
Baltic Dry Index Surges to 11-year Peak
The Baltic Exchange's main sea freight index soared to its highest in 11 years on Thursday as rates across all vessel segments were lifted by strong demand for dry bulk commodities.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, added 91 points, or 2.9%, to 3,267, its highest level since June 2010.The capesize index was up 202 points, or 5%, at a one-month high of 4,212.Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of coal and steel-making ingredient iron ore, increased $1,672 to $34,930."Bull mood continues with mode
Baltic Dry Index Inches Higher on Firm Capesize Demand
The Baltic Exchange's dry bulk sea freight index edged higher on Thursday, buoyed by an uptick in capesize and panamax vessel rates.The overall index, which factors in rates for capesize, panamax and supramax vessels, gained 7 points to 2,296The capesize index rose 55 points, or 2.4%, to 2,356Average daily earnings for capesizes, which transport 150,000-tonne cargoes such as iron ore and coal, rose by $451 to $19,535Iron ore futures rose on Thursday, on expectations of a recovery in Chinese demand for the steelmaking raw material and steel products after the Beijing 2022 Olympics next monthThe
Baltic Dry Index Rises as Smaller Vessels Lend Support
The Baltic Exchange's dry bulk sea freight index rose on Thursday, buoyed by gains for panamax and supramax vessels that countered a dip in rates for the larger capesize segment.The overall index, which factors in rates for capesize, panamax and supramax vessels, gained 24 points, or 1%, to 2,678 points.The capesize index shed 46 points, or 1.2%, to 3,776.Average daily earnings for capesizes, which transport 150,000-tonne cargoes such as iron ore and coal, fell $390 to $24,355.Despite a decrease in Brazil-China iron ore trade volumes…
Baltic Dry Index Drops to One-month Low
The Baltic Exchange's dry bulk sea freight index fell to its lowest level in a month, as rates declined across all its vessel segments, with capesizes touching their lowest in six months.The overall index, which factors in rates for capesize, panamax and supramax vessels, dropped 167 points, or 6.3%, to 2,498, its lowest since Nov.