Marine Link
Tuesday, August 21, 2018

Dry Bulk Vessel Rates Sag Across Segments

Maritime Activity Reports, Inc.

May 15, 2018

© lidian neeleman / Adobe Stock

© lidian neeleman / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, declined on Tuesday, hurt by lower rates across all vessel segments.

The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 8 points, or 0.5 percent, at 1,468 points.

The capesize index lost 33 points, or 1.3 percent, to end at 2,602 points.

Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and coal, were down $155 at $20,646.

The panamax index was down 3 points, or 0.2 percent, at 1,237 points.

Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, decreased $23 to $9,971.

The supramax index fell 2 points to 1,053 points.


(Reporting by Harshith Aranya in Bengaluru)

Maritime Reporter Magazine Cover Aug 2018 - The Shipyard Edition

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