Marine Link
Thursday, December 13, 2018

Baltic Index Rises on Strong Demand for Panamax Vessels

Maritime Activity Reports, Inc.

July 8, 2016

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose further on Friday due to strong demand for panamax vessels.
 
The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 4 points, or 0.57 percent, at 703 points.
 
The capesize index was down 6 points, or 0.6 percent, at 1,002 points.
 
Average daily earnings for capesizes, which typically transport 150,000-tonne cargo such as iron ore and coal, fell $39 to $7,149.
 
The panamax index was up 13 points, or 1.67 percent, at 792 points.
 
Average daily earnings for panamaxes, which usually carry coal or grain cargo of about 60,000-70,000 tonnes, increased $96 to $6,327.
 
Among smaller vessels, the supramax index rose 3 points to 647 points and the handysize index gained 2 points to 354 points.

(Reporting by Harshith Aranya in Bengaluru)
Maritime Reporter Magazine Cover Dec 2018 - Great Ships of 2018

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News