Marine Link
Tuesday, January 16, 2018

Baltic Index Ends Higher for 6th Straight Session

Maritime Activity Reports, Inc.

March 8, 2017

© Hellen Sergeyeva / Adobe Stock

© Hellen Sergeyeva / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, ended higher for its sixth straight session on Wednesday, boosted by stronger rates across all vessel segments.
The overall index, which also factors in rates for panamax, supramax and handysize shipping vessels, ended up 12 points, or 1.16 percent, at 1,045 points, its highest level since Dec. 13.
The capesize index closed up 22 points, or 1.41 percent, at 1,578 points.
Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were up $23 to $11,889.
The panamax index gained 26 points, or 2.18 percent, to finish at 1,220 points.
Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, increased $204 to $9,796.
Among smaller vessels, the supramax index rose 7 points to finish at 868 points, while the handysize index was up 8 points at 485 points.

(Reporting by Eileen Soreng in Bengaluru; Editing by Sai Sachin Ravikumar)
Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

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.

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